Your pro forma income statement shows sales of $991,000, cost of goods sold as $507,000, depreciation expense of $100,000, and taxes of $153,600 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 $