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are a summer intern at the office of a local tax preparer. To test your basic knowledge of financial statements, your manager, who graduated from your alma mater 2 years ago, gves you the following list of accounts ll and asks you to prepare a simple income statement using those accounts. a. Arrange the accounts into a well-labeled income statement Make sure you label and solve for gross profits, operating profits, and net profits before taxes SSI0 b. Using a 35% tax rate, clatate taxes paid and net profits after taxes. c. Assuming a dividend of $1.14 per share with 4.29 million shares outstanding, calculate EPS and additions to retained earnings a. Complete the income statement, down to the net profts before taxes line, below. (Select the account names from the drop-down menus and round the amounts to two decimal f places.) k ta Data Table Name of Company Income Statement (5000,000) (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet) Gross profts Less Operating expenses 5000 counts Depreciation expense General and administrative expenses tcut 22 54 345.52 Sales Sales expenses Cost of goods sold Lease expense Interest expense 18.64 224.86 3.56 2 28 Total operating expense Ooeratna orofits (EBIT Print Done Choose from any list or enter any number in the input fields and then contin

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