KRAMER statement 2015 Income December 3 For the Year Ended 2,000,000 1,500,000 1. Sales 2. Cost of goods sold 500,000 220,000 3, Gross profit expenses 4 Selling and administrative 5 Amortization expense 50,000 230,000 20,000 6. Operating profit (EBIT) 210,000 7. Interest expense 8. Earnings before taxes (EBT) 99,500 110,500 9 Taxes 10. Earnings after taxes (EAT Earnings per Share Calculations: earnings) 10,500 EAT-Preferred shares dividends (from Retained 100,000 Earnings available to common shareholders 100,000 divided by Common shares outstanding $1.00 Earnings per share