P 9-9 (similar to) Question Help Your pro forma income statement shows sales of $978,000, cost of goods sold as $492,000, depreciation expense of $100,000, and taxes of $154,400 due to a tax rate of 40%. What are your pro forma earnings? What is your pro forma free cash flow? Complete the pro forma income statement below: (Round to the nearest dollar.) Sales $ Cost of Goods Sold $ Gross Profit $ Depreciation $ EBIT $ Taxes (40%) $ Earnings $