Your pro forma income statement shows sales of $980,000, cost of goods sold as $514,000, depreciation expense of $104,000, and taxes of $144,800 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 $ 980,000 Cost of Goods Sold $ (514,000) Gross Profit $ 466,000 Depreciation $ (104,000) EBIT $ 362,000 Taxes (40%) $ (144,800) Earnings $ 217,200 The pro forma free cash flow will be (Round to the nearest dollar.)