ASDF Corporate Income Statement Current Year Units Sold 200,000 Unit Price $75.00 Sales Revenue $15,000,000 Variable Expenses (Materials & $3,500,000 Labor) Fixed Expenses (Marketing & $5,000,000 Overhead) Earnings Before Interest & Taxes $6,500,000 (EBIT) Paid Interest $2,000,000 Earnings Before Taxes (EBT) $4,500,000 Taxes (30%) $1,350,000 Net Income after Taxes (NIAT) $3,150,000 Dividends $1,000,000 Retained Earnings $2,150,000 Shares Outstanding 100,000