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 6.84% 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. (A Data table California Cement Company Income Statement for 2013 California Cement Company Sales revenue $ % Income Statement for 2013 $ Sales revenue $ 22,853,000 Cost of goods sold Selling, general, and administrative expenses Depreciation expenses $ % Cost of goods sold s 11 635,000 $ 22,853,000 -11 635,000 -3.902,000 -1,377,000 5,939,000 -172,000 5,767,000 % Selling general, and administrative expenses $ -3.902000 EBIT $ % 6 Depreciation expenses -1,377,000 $ Interest expense % EBIT CA 5,939,000 Taxable income $ % Interest expense S -172,000 $ Taxes % -2,527,362 Taxable income UD 5,767,000 $ % 3,239,638 Net income $ Taxes 2,527 362 Net income $ 3,239,638