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Your pro forma income statement shows sales of $971,000, cost of goods sold as $484,000, depreciation expense of $98,000, and taxes of $97,250 due to

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Your pro forma income statement shows sales of $971,000, cost of goods sold as $484,000, depreciation expense of $98,000, and taxes of $97,250 due to a tax rate of 25%. 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 doliar.)

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