Pro forma income statement. Given the income statement in the popup Window, . for California Cement Company for 2013 and an expected sales growth rate of 7.35% for 2014, prepare a pro forma income statement for 2014. First, find the percentage of each Income statement line from 2013 as a percent of sales. (Round to three decimal places.) 19 % % % % California Cement Company Income Statement for 2013 Sales revenue $ 22,803,000 Cost of goods sold $ -11,700,000 Selling, general, and administrative expenses $ -4,050,000 Depreciation expenses $ -1,396,000 EBIT $ 5,657,000 Interest expense $ -180,000 Taxable income $ 5,477,000 Taxes $ -2,400,271 Data Table % 1% % % % Net Income $ 3,076,729 $ 22,803,000 California Cement Company Income Statement for 2013 Sales revenue Cost of goods sold Selling, general, and administrative expenses Depreciation expenses EBIT What is the sales forecast for 2014? $ $ $(Round to the nearest dollar.) The pro forma income statement for 2014 is: (Round to the nearest dollar.) -11,700,000 -4,050,000 -1,396,000 5,657,000 $ $ $ -180,000 California Cement Company Pro Forma Income Statement for 2014 Interest expense Taxable income $ 5,477,000 Sales revenue $ 100.00 % Taxes $ -2,400,271 Net Income $ 3,076,729 $ $ Cost of goods sold Selling, general, and administrative expenses Depreciation expenses EBIT 51.309 % 17.761 % 6.122 % 24.808 % $ Print Done $ Interest expense $ Taxable income Taxes $ $ 0.789 % 24.019 % 10.526 % 13.493 % Net income Enter any number in the edit fields and then continue to the next question. Save for Later