a. Cumberland Industries' most recent sales were $455,000,000: operating costs (excluding depreciation) were equal to 85% of sales: net fixed assets were $67,000,000: depreciation amounted to 10% of net fixed assets: interest expenses were $8, 550,000: the state-plus-federal corporate tax rate was 40% and Cumberland paid 25% of its net income out in dividends. Given this information, construct Cumberland's income statement. Also calculate total dividends and the addition to retained earnings. The input information required for the problem is outlined in the "Key Input Data" section below. Using this data and the balance sheet above, we constructed the income statement shown below