1. At the end of its third year of operations, the Sancifer Manufacturing Co. had $4,500,000 in revenues: $3,375,000 in cost of goods sold: $450,000 in operating expenses, which included depreciation expense of $150,000; and had a tax liability equal to 35 percent of the firm's taxable income. a. What is the net income of the firm for the year? b. Sandifer plans to reinvest $50,000 of its earnings back in the firm. What does this plan leave for the payment of a cash dividend to Sandifer's stockholders? 2. If True company earned $500,000 in net income and paid a cash dividend of $300,000 to its stockholders, what are the firm's earning per share if the firm has 100,000 shares of stock outstanding? 3. Kangaroo company is selling seeds of tomatoes. At the end of the most recent year, the firm had current assets of $50,000, net fixed assets of $250,000, current liabilities of $30,000, and long term debt of $100,000 a. Calculate Kangaroo's stockholders equity. b. What is the firm net working capital? c. If Kangaroo's current liabilities consist of $20,000 in account payable and $10,000 in short term debt (note payable). What is the firm net working capital