Data table Data table 100.0 % 65.9 34.1 % (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) Creek Enterprises Income Statement for the Year Ended December 31, 2018 Sales revenue ($34,986,000) Less: Cost of goods sold Gross profits Less: Operating expenses Selling expense 12.7 % General and administrative expenses 6.4 Lease expense 0.6 Depreciation expense 3.6 Total operating expense Operating profits Less: Interest expense Net profits before taxes Less: Taxes (rate = 40%) Net profits after taxes (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) Creek Enterprises Income Statement for the Year Ended December 31, 2019 Sales revenue $30,050,000 Less: Cost of goods sold 20,956,000 Gross profits $9,094,000 Less: Operating expenses Selling expense $2,954,000 General and administrative expenses 1,847,000 Lease expense 204,000 Depreciation expense 961,000 Total operating expense 5,966,000 Operating profits $3.128,000 Less: Interest expense 972,000 Net profits before taxes $2,156,000 Less: Taxes (rate = 40%) 862,400 Net profits after taxes $1,293,600 Less: Preferred stock dividends 88,000 Earnings available for common stockholders $1,205,600 23.3 10.8 % 1.7 9.1 % 3.6 5.5% Print Done Print Done 85.9% 100.0 % 65.9 % 34.1 % % 12.7 % 6.4 0.6 Sales revenue Less: Cost of goods sold Gross profits Less: Operating expenses Selling expense General and administrative expenses Lease expense Depreciation expense Total operating expense Operating profits Less: Interest expense Net profits before taxes Less: Taxes (rate = 40%) Net profits after taxes Less: Preferred stock dividends 3.6 23.3 % 10.8 % 1.7 % 9.1 % 3.6 % 5.5 % 0.2 Earnings available for common stockholders 5.3 %