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Your pro forma income statement shows sales of $977,000, cost of goods sold as $495,000, depreciation expense of $105,000, and taxes of $150,800 due to

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Your pro forma income statement shows sales of $977,000, cost of goods sold as $495,000, depreciation expense of $105,000, and taxes of $150,800 due to a tax rate of 40%. What are your pro forma eamings? 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

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