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Your pro forma income statement shows sales of $978,000, cost of goods sold as $524,000, depreciation expense of $104,000, and taxes of $140,000 due to

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Your pro forma income statement shows sales of $978,000, cost of goods sold as $524,000, depreciation expense of $104,000, and taxes of $140,000 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.)

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