Based on the income statements from the past 4 years. Write a letter to the shareholders to persuade them to invest in the company.

Income Statement - Year 1 - Firm C Sales Cost of Goods Sold Gross Margin Marketing Research and Development General and Administrative Income from Operations Interest Income Interest Expense Extraordinary Items Income before Tax Less Tax @ 35% Net Income Dividends Paid (255M shares) Millions $14,801 -$10,674 -$470 -$299 -$557 $0 -$391 -$20 -$837 Millions $4,127 $2,801 $2,390 $1,554 $500 Percent of Revenue 100.0% -72.1% 27.9% -3.2% -2.0% -3.8% 18.9% 0.0% -2.6% -0.1% 16.2% -5.7% 10.5% 1.96/sh Income Statement - Year 2 - Firm C Sales Cost of Goods Sold Gross Margin Marketing Research and Development General and Administrative Income from Operations Interest Income Interest Expense Extraordinary Items Income before Tax Less Tax @ 35% Net Income Dividends Paid (255M shares) Millions $15,516 -$11,368 -$477 -$301 -$596 $0 -$365 -$12 -$840 Millions $4,149 $2,775 $2,399 $1,559 $500 Percent of Revenue 100.0% -73.3% 26.7% -3.1% -1.9% -3.8% 17.9% 0.0% -2.4% -0.1% 15.5% -5.4% 10.0% 1.96/sh Income Statement - Year 3 - Firm C Sales Cost of Goods Sold Gross Margin Marketing Research and Development General and Administrative Income from Operations Interest Income Interest Expense Extraordinary Items Income before Tax Less Tax @ 35% Net Income Dividends Paid (255M shares) Millions $18,422 -$14,079 -$565 -$308 -$638 $3 -$314 -$7 -$880 Millions $4,343 $2,832 $2,513 $1,633 $550 Percent of Revenue 100.0% -76.4% 23.6% -3.1% -1.7% -3.5% 15.4% 0.0% -1.7% 0.0% 13.6% -4.8% 8.9% 2.16/sh Income Statement - Year 4 - Firm C Sales Cost of Goods Sold Gross Margin Marketing Research and Development General and Administrative Income from Operations Interest Income Interest Expense Extraordinary Items Income before Tax Less Tax @ 35% Net Income Dividends Paid (255M shares) Millions $24,641 -$19,079 -$700 -$121 -$766 $4 -$335 $0 -$1,275 Millions $5,562 $3,975 $3,644 $2,368 $650 Percent of Revenue 100.0% -77.4% 22.6% -2.8% -0.5% -3.1% 16.1% 0.0% -1.4% 0.0% 14.8% -5.2% 9.6% 2.55/sh