Problem $10-3$ Calculating Projected Net Income $[$LO$1]$

A proposed new investment has projected sales of $$515,000.$ Variable costs are $43$ percent of sales, and fixed costs are $$136,000$; depreciation is $$53,500.$ Prepare a pro forma income statement assuming a tax rate of $24$ percent. What is the projected net income? $($Input all amounts as positive values. Do not round intermediate calculations.$)$

$\backslash$table$[[$Sales$,],[$Variable costs,$],[$Fixed costs,$],[$Depreciation$,],[$EBT$,],[$Taxes$,],[$Net income,$]]$

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