Business Finance CRN 16663 Save Homework: Chapter 3 Homework Score: 0 of 1 pt 2 of 6 (0 complete) HW Score: 0%, 0 of 6 p P3-2 (similar to) Question Help (Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co. had $4,578,000 in revenues, $3,333,000 in cost of goods sold, $459,000 in operating expenses which included depreciation expense of $150,000, and a tax liability equal to 34 percent of the firm's taxable income. Sandifer Manufacturing Co. plans to reinvest $51,000 of its earnings back into the firm. What does this plan leave for the payment of a cash dividend to Sandifer's stockholders? Complete the income statement for Sandifer Manufacturing Co.: (Round to the nearest dollar.) Revenues = $ Less: Cost of Goods Sold $ Equals: Gross Profit = $ Less: Operating Expenses = $ Equals: Net Operating Income = $ Less: Interest Expense = $ 0 Equals: Earnings before Taxes = $ Less: Income Taxes = Equals: Net Income = $ Enter any number in the edit fields and then click Check Answer. part remaining Clear All Check