Google LLC reported the following for the year ending December 31, 2023:

Item	Amount ($)
Net Sales	80,000,000
Cost of Goods Sold	48,000,000
Operating Expenses	18,000,000
Interest Expense	2,000,000
Income Tax Expense	4,000,000
Dividends Paid	6,000,000
Beginning Retained Earnings	10,000,000

Requirements:

1. Prepare an Income Statement.
2. Calculate the Net Income.
3. Draft a Statement of Retained Earnings.
4. Compute the Earnings per Share if there are 50,000 shares outstanding.
5. Analyze the impact of a 5% decrease in operating expenses on net income.