a. In fiscal year 2022, Cumberland Industries' sales were $600,000; cost of goods sold were equal to 80% of sales; the beginningof-year net fixed assets were $150,000, and depreciation amounted to 10% of beginning-of-year net fixed assets; interest expenses were $10,000; the state-plus-federal corporate tax rate was 25% and Cumberland paid 50% of its net income out in dividends. Given this information, construct Cumberland's income statement in the cells with yellow theme color. 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