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Your pro forma income statement shows sales of $994,000, cost of goods sold as $486,000, depreciation expense of $104,000, and taxes of $161,600 due to

image text in transcribed Your pro forma income statement shows sales of $994,000, cost of goods sold as $486,000, depreciation expense of $104,000, and taxes of $161,600 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.)

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