Complete the income statement and ratio analysis. Do not use thousand separators. Table 1: FINC300 Inc. Income Statement 2013 $4000000 2000000 Sales Less: Cost of goods sold Gross Profit Less: Operating expenses Selling expenses General and administrative expenses Lease expenses Depreciation expenses Total operating expenses 100000 200000 50000 40000 Operating profits Less: Interest expenses Net profit before taxes 100000 Less: Taxes (use table 3) Net profit after taxes Less: Preferred stock dividends Earnings available for common stockholders 50000 Earnings per share Return on Assets (ROA) Return on Equity (ROE) Inventory Turnover Net profit margin Debt Ratio Current Ratio Quick Ratio Table 2: FINC300 Inc. Balance Sheet 2013 Assets Current Assets Cash 300,000 Account Receivable 500,000 Inventory 300,000 Total current assets 1,100,000 Liabilities and Stockholders' Equity Current liabilities 600,000 Long-term debt 1,000,000 Total liabilities 1,600,000 Stockholders' equity preferred stock 200,000 Common stock (200,000 shares) 600,000 Total gross fixed assets 3,500,000 Less: Accu. 13-2,042,400 depreciation Net fixed assets 1,457,600 Retained earnings 157,600 957,600 Total Stockholders' equity Total liabilities and stockholders' equity Total assets 2,557,600 Table 3: Corporate Tax Rate Schedule Tax Calculation Range of Taxable income Base tax + (marginal rate x amount over base bracket) 0-50,000 50,000-75,000 75,000-100,000 100,000-335,000 335,000-10,000,000 0+ (15% xamount over ) 7,500+ (25% x amount over 50,000) 13,750 + (34% x amount over 75,000) 22,250 + (39% x amount over 100,000) 113,900 + (34% x amount over 335,000)