... operating expenses 54 ,800 66, 850 70,360 67,220 68 ,57 0 78,900 406,700 Net profit before taxes Income taxes 45, 200 11,300 58 , 150 14 ,53 8 64,640 16,160 59 ,780 14,9 45 63,430 15, 858 76,100 19,0 25 367,300 ... assumptions 158 Understanding the Numbers EXHIBIT 5. 2 Pro forma income statement (in dollars) Pro Forma Income Statement March 100,000 32, 750 1 25, 000 40,938 1 35, 000 127,000 132,000 155 ,000 44,213 41 ,59 3 ... cost as little as $100 In higher-priced inkjet printers, print quality is excellent in black -and- white and color Today many people are using high-end inkjet printers to print pictures taken with...