Your projected income statement shows sales of $1 000 000, cost of goods sold as $519 000, depreciation expense of $103 000, and taxes of $113 400 due to a tax rate of 30%. What are your projected earnings? What is your projected 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 (30%) Net profit $ The projected free cash flow will be $ (Round to the nearest dollar.)