Based on the following information construct a pro-forma income statement.
Based on the Income Statement for the following company in 2013 and forecasted growth in sales of 30% construct a pro forma income statement.
Sales Revenue=$20,500,000
Cost of Goods Sold= $8,200,000
Sales and Admin Expenses= $2,500,000
Depreciation Exp= $800,000
EBIT= $9,000,000
Interest Exp= $200,000
Taxable Income= $8,800,000
Taxes=$3,080,000
Net Income= $5,720,000