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 6.54% 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.) California Cement Company Income Statement for 2013 Sales revenue $ 22,848,000 Cost of goods sold $ -11,602,000 Selling, general, and administrative expenses -3,931,000 Depreciation expenses -1,324,000 EBIT 5,991,000 Interest expense $ -173,000 Taxable income 5,818,000 Taxes -2,549,713 Net income $ 3,268,287 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.) California Cement Company Pro Forma Income Statement for 2014 Sales revenue Cost of goods sold Selling, general, and administrative expenses Depreciation expenses 100.00 % 50.779 % 17.205 % 5.795 % 26.221 % 0.757 % EBIT Interest expense Taxable income Taxes 25.464 % 11.159 % 14.304 % Net income