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Income Statement Year Ending December 31, 2023 Sales Revenue $6,075,000 Less: Cost of Goods Sold -4,000,200 Gross Profit $2,074,800 Less: Operating Expenses Selling Expense $650,000

Income Statement

Year Ending December 31, 2023

Sales Revenue

$6,075,000

Less: Cost of Goods Sold

-4,000,200

Gross Profit

$2,074,800

Less: Operating Expenses

Selling Expense

$650,000

General and Administrative

$326,000

Lease payments

$ 50,000

Depreciation

$152,000

Total Operating Expenses

$1,178,000

Operating Profit

$ 896,800

Less: Interest Expenses

- 99,500

Net profit before taxes

$ 797,300

Less: Taxes

$ 318,920

Net Profit after taxes

$ 478,380

Earnings per share: $4.78

Dividends per share: $4.60

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