ercent of Sales lechnique Homewor XYZ Company Income Statement For the Year Ended 12/31/xxxx Sales Cost of Goods Sold Gross Profit Operating Expenses EBIT Interest Expense EBT Taxes @ 39% Net Income Dividend Addition to Retained Earnings $140,000 117000 23,000 12,830 10,170 4,610 5,560 2,168 3,392 1,018 $2,374