Last year the P. M. Postem Corporation had sales of $425,000, with a cost of goods sold of $111,000. The firm's operating expenses were $125,000, and its increase in retained earnings was $83,490. There are currently 24,000 shares of common stock outstanding, the firm pays a $1.64 dividend per share, and the firm has no interest-bearing debt. a.Assuming the firm's earnings are taxed at percent, construct the firm's income statement. b.Compute the firm's operating profit margin. Question