Facebook Inc. has provided the following balances for the year ending December 31, 2023:

Item	Amount ($)
Sales	150,000,000
Cost of Sales	90,000,000
Operating Expenses	30,000,000
Interest Expense	4,000,000
Tax Expense	10,000,000
Dividends Paid	12,000,000
Beginning Retained Earnings	20,000,000

Requirements:

1. Prepare an Income Statement.
2. Calculate the Net Profit Margin.
3. Draft a Statement of Retained Earnings.
4. Compute the Earnings per Share with 100,000 shares outstanding.
5. Assess the impact of a 15% increase in sales on net income.