Your pro forma income statement shows sales of

$975,000,

cost of goods sold as

$503,000,

depreciation expense of

$102,000,

and taxes of

$148,000

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.)

Sales	$
Cost of Goods Sold	$
Gross Profit	$
Depreciation	$
EBIT	$
Taxes (40%)	$
Earnings	$