ABC Co. has sales of $4,800,000. COGS is 40%, operating expenses (excluding depreciation) are 35% of sales, interest expense is 1% of sales, depreciation expense is $30,000. Tax rate 40%. Construct their income statement and answer the below. What is their gross profit and operating profit margin? If dividend payout ratio is 40%, what is the $ amount of retained earnings for ABC Co.? If they have 100,000 shares of common stock outstanding, what is their dividend per share DPS? Using the same income statement. Construct a proforma income statement for 2021 using the percent of sales method. Growth 10%. Depreciation remains at $30,000. What is the 2021 expected net profit