E10. a Cumberland Industries' Income Statement (S Dollars) 5 Sales $455,150,000 $386,877,500 $68,272,500 $7,388,150 8,575,000 8 (EBITDA) 10 Depreciation $52,309,350 $20,923,740 $31,385,610 16 Taxes (40%) 18 Net Income available to Common Stockholders $38,774,000 $31,385,610 $12,654,244 Balance of Retained Earnings, Dec. 31, 2006 Add: Net Income, 2007; $57,505,366 27 Balance of Retained Earnings, Dec. 31, 2007 o Please generate the Statement of Cash Flows for Cumberland Industries