Revenues $$1,500,000$

COGS $$950,000$

Gross Profits

$$550,000$

Depreciation $$140,000$

EBIT $$410,000$

Interest $$65,000$

EBT $$345,000$

Taxes $$69,000$

Net Income $$276,000$

$$

The above is last year's income statement. Produce a pro forma income statement where sales increases by $12\%,$ COGS increase by $10\%$ and debt $($and interest expense$)$ is increased by $5\%$ to fund the expansion.