E3-1 You are a summer intern at the ofce of a local tax preparer. To test your basic knowledge of financial statements, your manager, who graduated from your alnla mater 2 years ago, gives you the following list of accounts and asks you to prepare a simple income statement using those accounts. ($000,000 Accounts General and administrative 345 Cost of _oods sold 255 Interest ex IEHSE 3 a. Arrange the accounts into a well-labeled income statement. Make sure you label and solve for gross prot, operating prot, and net profit before taxes. b. Using a 35% tax rate, calculate taxes paid and net prot after taxes. c. Assuming a dividend of $1.10 per share with 4.25 million shares outstanding, calculate EPS and additions to retained earnings