The pro forma operating expenses for 2011 are (See Table 3.2) Table 3.2 Income Statement...
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The pro forma operating expenses for 2011 are (See Table 3.2) Table 3.2 Income Statement Hennesaw Lumber, Inc. For the Year Ended December 31, 2010 $4,200,000 3.570.000 $ 630,000 210.000 $ 420,000 105.000 Sales Revenue Less: Cost of goods sold Gross profits Less: Operating expenses Operating profits Less: Interest expense Net profits before taxes Less: Taxes (40%) Net profits after taxes Less: Cash dividends To: Retained earnings $ 315,000 126.000 $ 189,000 120.000 $ 69,000 a $150,000. b. $225,000 c. $200,000. d. $210,000
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