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Here is the income statement for Myers, Inc. Net sales Cost of goods sold Gross profit Expenses (including $16,000 interest and $24,000 income taxes) Net
Here is the income statement for Myers, Inc. Net sales Cost of goods sold Gross profit Expenses (including $16,000 interest and $24,000 income taxes) Net income Additional information: 1. 2. Myers, Inc. Income Statement For the Year Ended December 31, 2022 3. OCT $400,000 230,000 170,000 98,000 $72,000 Common stock outstanding January 1, 2022, was 32,000 shares, and 40,000 shares were outstanding at December 31, 2022. (Use a simple average for weighted-average.) The market price of Myers stock was $14 on December 31, 2022 Cash dividends of $21,000 were declared and paid. SUPPORT
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