Accountin CHAPTER menyuny STM SUNSHINE WALLBOARD COMPANY Income Statement For the year ended September 30, 20 in thousands of dollars) $136,000 Net Sales Other Revenues $146,000 79,600 16,400 Total Revenues Costs and Expenses: Cost of Goods Sold Operating Expenses Total Costs and Expenses Net Income Before Income Taxes Less Income Taxes (at a tax rate of 35%) Net Income 1. Sunshine has issued 20 million shares of stock. If the company pays out all of its net income in the form of dividends to stockholders, how much will the dividend be per share? 2. What percentage of Sunshine's profit was earned on its net sales? (Round to the nearest percent) 3. What expenses does the Operating Expenses account probably represent? 4. If the taxate is lowered to 30 percent, what will the company's net income after taxes be