A Proposed New Investment Has Projected Sales Of 760 000 Variable Costs Are 60 Perce 2457760

A proposed new investment has projected sales of $760,000. Variable costs are 60 percent of sales, and fixed costs are $165,000; depreciation is $66,000. Prepare a pro forma income statement assuming a tax rate of 30 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 $