JETER CORPORATION income Statement For the Year Ended December 31, 2010 Sales $3,300,000 1,950,000 1,350,000 650,000 230,000 470,000 80,000 390,000 140,000 250,000 10.000 240,000 150,000 Cost of goods sold. Gross profits.... Selling and administrative expense. Depreciation expense Operating income Interest expense. Earnings before taxe Taxes Earnings after taxes Preferred stock dividends Earnings available to common stockholders Shares outstanding. Earnings per share. .... Statement of Retained Earnings For the Year Ended December 31, 2010 Retained earnings, balance, January 1,2010. Add: Earnings available to common stockholders, 2010 Deduct: Cash dividends declared and paid in 2010 $800,000 240,000 140,000 $900,000 Retained earnings, balance, December 31, 2010 JETER CORPORATION income Statement For the Year Ended December 31, 2010 Sales $3,300,000 1,950,000 1,350,000 650,000 230,000 470,000 80,000 390,000 140,000 250,000 10.000 240,000 150,000 Cost of goods sold. Gross profits.... Selling and administrative expense. Depreciation expense Operating income Interest expense. Earnings before taxe Taxes Earnings after taxes Preferred stock dividends Earnings available to common stockholders Shares outstanding. Earnings per share. .... Statement of Retained Earnings For the Year Ended December 31, 2010 Retained earnings, balance, January 1,2010. Add: Earnings available to common stockholders, 2010 Deduct: Cash dividends declared and paid in 2010 $800,000 240,000 140,000 $900,000 Retained earnings, balance, December 31, 2010