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Your pro forma income statement shows sales of $1,047,000, cost of goods sold as $525,000, depreciation expense of $96,000, and taxes of $170,400 due to
Your pro forma income statement shows sales of $1,047,000, cost of goods sold as $525,000, depreciation expense of $96,000, and taxes of $170,400 due to a tax rate of 40%. What are your pro forma earnings? What is your pro forma free cash flow? Complete the pro forma income statement below: (Round to the nearest dollar.) \begin{tabular}{ll|} Sales & $ \\ Cost of Goods Sold & $ \\ Gross Profit & $ \\ Depreciation & $ \\ EBIT & $ \\ Taxes (40\%) & $ \\ Earnings & $ \end{tabular}
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