Your pro forma income statement shows sales of $981,000, cost of goods sold as $510,000, depreciation expense of $104,000, and taxes of $146, 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 Cost of Goods Sold Gross Profit Depreciation EBIT Taxes (40%) Earnings The pro forma free cash flow will be (Round to the nearest dollar)