a. Create a spreadsheet similar to Table 3.1 to model the following: (1) A multiple-step comparative income statement for Dayton Inc. for the peri- ods ending December 31, 2019 and 2018. You must calculate the cost of goods sold for the year 2019. (2) A common-size income statement for Dayton Inc. covering the years 2019 and 2018. Tofits of the expen 2019 interest, net proto Once we have the before- appropriate tax rates. Deducting taxes leaves us dividend The dollar distribute on behar share of at P behalf of its common stockholders. TABLE 3.1 2018 $2,567 1,711 Less: Cost of goods sold $ 856 taxes for 2019 were $231,000. We must subtract preferred stock diw after taxes, also referred to as net income. Bartlett Company's available for common stockholders, which is the amount earned by the the firm has preferred stock) from net profits after taxes to arrive Bartlett Company Income Statements (5000) For the years ended December 31 "Calculated by dividing the earnings available for common stockholders by the number of shares of common stock outstanding: 76,262 in 2019 and 76,244 in 2018. Earnings per share Calculated by dividing the dollar amount of dividends paid to common stockholders by the number of shares of common stock outstanding. Dividends per share in 2019: $98,000 + 76,262 = $1.29; 2019 $3,074 Sales revenue 2,088 $ 986 Gross profits Less: Operating expenses $ 100 Selling expense 194 General and administrative expenses Other operating expenses 35 Depreciation expense 239 Total operating expense $ 568 Operating profits $ 418 Less: Interest expense 93 Net profits before taxes $ 325 Less: Taxes 94 Net profits after taxes $ 231 Less: Preferred stock dividends 10 Earnings available for common stockholders $ 221 Earnings per share (EPSY" Dividend per share (DPS) $2.90 $1.29 $ 108 187 35 223 $ 553 $ 303 91 $ 212 64 $ 148 10 $ 138 $1.81 $0.75 in 2019: 5221,000 + 76,262 = 52.90; in 2018: S138,000 + 76,244 = $1.81. in 2018: 557,183 + 76,244 = $0.75