Given the income statement below for California Cement Company for 2009, and the sales forecast from Problem

Question:

Given the income statement below for California Cement Company for 2009, and the sales forecast from Problem 2, prepare a pro forma income statement for CCC for 2010.
California Cement Company
Income Statement for 2009
Sales Revenue ....... $22,923,000
COGS ............ 11,713,000
SG&A Expenses ....... 4,043,000
Depreciation Expenses ...... 1,420,000
EBIT ............ $ 5,747,000
Interest Expense ......... 173,000
Taxable Income ....... $ 5,574,000
Taxes ............ 1,723,000
Net Income ......... $ 3,851,000