4 Based on the information in the table below, prepare an income statement for Windswept Woodworks, Inc. for year 2. Assume that the company pays a flat tax rate of 34% on its taxable income. (Round each entry to 2 decimal places.) 10 points Skipped eBook Print References Windswept Woodworks, Inc. Input Data (millions of dollars) Year 2 Accounts payable 508 Accounts receivable 1,352 Accumulated depreciation 6,818 Cash & equivalents 296 Common stock 1,256 Cost of goods sold 1,500 Depreciation expense ? Common stock dividends paid ? Interest expense 140 Inventory 1,086 Addition to retained earnings 602 Long-term debt 884 Notes payable 230 Gross plant & equipment 10,260 Retained earnings 3, 134 Sales 3,018 Other current liabilities 116 Tax rate 34% Market price per share year end $ 19.80 Number of shares outstanding 500 million Year 1 444 890 6,692 188 1,180 n.a. n.a. n.a. n.a. 1,086 n.a. 796 380 10,000 2,536 n.a. 96 n.a. $ 17.50 500 million $ Sales Cost of goods sold Gross profit on sales Depreciation expense Earnings before interest and taxes Interest expense Taxable income Taxes (@ 34%) $ Net income