Pro Forma Income Statement 2014 Sales $3,600,000 Operating Costs 3,279,720 EBIT $320,280 Interest 20,280 EBT $300,000 Taxes (40%) 120,000 Net income $180.000 Dividends: $1.08 x 100,000 = $108,000 Addition to RE: $72,000
*20151 Dividends = $1.12 x 100,000 = $112,000.
2015 Basis Pro Forma 1.10 $3,960,000 0.9110 3,607,692 $352,308 20,280 $332,028 132,811 $000,199 $ 112,000* $87,217