Single-Step Income Statement Harley-Davidson is the parent company of Harley-Davidson Metor, Buell Motorcycle, and Harley-Davidson Financial Services. It is most well known for producing heavyweight, custom, and touring motorcycles as well as parts, accessories, and apparel. Harley-Davidson Financial Services provides wholesale and retail financing and insurance programs to dealers and customers. A recent Harley-Davidson annual report contained the following items (S in thousands) for the year ending December 31, 2003: Other expense, net $ Cost of goods sold Financial services income 279,459 Retained earnings at end of year 3,074,037 6,317 2,958,708 Selling, administrative and engineering expense Interest income, net $ 684.175 23,088 405,107 58,986 Provision for income taxes Cash dividends declared Financial services expense 111,586 Net sales revenue 4,624,274 1. Prepare a combined single-step statement of income and retained earnings for the year. 2. Compute the percentage of gross profit on sales and the percentage of net income on sales. 3. The average stockholders' equity for the year was $2,595,303. What was the percentage of net income on average stockholders' equity