Last year the P M Postem Corporation had sales of $440,000, with a cost of goods sold of $110,000 The firm's operating expenses were $127,000, and its increase in retained earnings was $97,410 There are currently 22,000 shares of common stock outstanding, the firm pays a $1 57 dividend per share, and the firm has no interest bearing debt a Assuming the firm's earnings are taxed at 35 percent, construct the firm's income statement b Compute the firm's operating profit margin Complete the income statement below (Round to the nearest dollar ) Income Statement Revenues $ Cost of Goods Sold Gross Profit $ Operating Expenses Net Operating Income $ Interest Expense Earnings before Taxes $ Income Taxes Net Income $

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Last year the P  M  Postem Corporation had sales of $440,000, with a cost of goods sold of $110,000  The firm's operating expenses were $127,000, and its increase in retained earnings was $97,410  There are currently 22,000 shares of common stock outstanding, the firm pays a $1 57 dividend per share, and the firm has no interest bearing debt  a Assuming the firm's earnings are taxed at 35 percent, construct the firm's income statement  b Compute the firm's operating profit margin  Complete the income statement below (Round to the nearest dollar ) Income Statement Revenues $ Cost of Goods Sold Gross Profit $ Operating Expenses Net Operating Income $ Interest Expense Earnings before Taxes $ Income Taxes Net Income $

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Last year the P. M. Postem Corporation had sales of $440,000, with a cost of goods sold of $110,000. The firm's operating expenses were $127,000,

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Income Statement
Revenues	$
Cost of Goods Sold
Gross Profit	$
Operating Expenses
Net Operating Income	$
Interest Expense
Earnings before Taxes	$
Income Taxes
Net Income	$