File Home Insert Page Layout Formulas Data Review View Help X Cut Arial 11 v ' ab Wrap Text Copy Paste BI U v A Merge & Center Format Painter Clipboard > Font Alignment A14 fx Income Statement ly General $ % 9 .00 .00 0 Number A B D 12. Prepare a good form of an income statement for December 31, 2020. Take your calculations all the way to computing EPS,Dividend Payout Ratio, and Retention Rate. Use $1.00 common stock dividend per share. 2 3 4 Sales 5 Shares outstanding 6 Common stock dividend per share 7 Cost of goods sold 8 Interest expense 9 Selling and administrative expense 10 Depreciation expense 11 Preferred stock dividends 12 Taxes $1,500,000 100,000 $1.00 55% of Sales $25,000 10% of Gross profit $39,000 $88,000 20% of EBT 13 14 15 16 Sales 17 Cost of goods sold 18 Gross profit 19 20 Selling & administrative expenses Depreciation expenses 21 EBIT (Operating Profit) 22 Interest expenses 23 EBT * 24 Taxes 25 EAT 26 Income Statement ??? ??? ??? ??? ??? ??? ??? ??? ??? ??? ??? ??? Preferred stock dividends 27 Net income to common stockholders Common stock dividends ??? 28 29 Retained Earnings 30 Earning per share (EPS) 31 Dividend Payout Ratio 32 Retention Ratio 33 34 35 36 Q2 Q3 Ready Accessibility: Investigate ??? ??? ??? ???