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Projected Income

A proposed new investment has projected sales of $592,000. Variable costs are 41 percent of sales, and fixed costs are $135,000; depreciation is $53,000. Prepare a pro forma income statement assuming a tax rate of 22 percent. What is the projected net income? (Input all amounts as positive values. Do not round intermediate calculations.)


Sales=

Variable Costs=

Fixed Costs=

Depreciation=

EBT=

Taxes=

Net Income=

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