Given the income statement below for National Beverage Company for 2013, and the sales forecast from Problem 1, prepare a pro forma income statement for 2014.
National Beverage Company
Income Statement for 2013
Sales Revenue .................................$24,088,000
COGS ........................................... 8,164,000
SG&A Expenses .............................. 7,616,000
Depreciation Expenses ...................... 2,388,000
EBIT ........................................... $5,920,000
Interest Expense ............................. 220,000
Taxable Income .............................. $5,700,000
Taxes .......................................... 2,498,000
Net Income ................................. $3,202,000