Parte II. Preparation of an Income Statement. You are a summer intern at the office of a local tax-preparer John Williams. To test your basic knowledge of financial statements, your manager, who graduated from your alma mater 2 years ago, gives you the following list of accounts and asks you to prepare a simple income statement using those accounts. Accounts ($000,000) Depreciation 25 General and administrative expenses Sales 22 345 Sales expenses 18 Cost of goods sold 255 Lease expense Interest expense 4 3. a. Arrange the accounts into a well-labeled income statement. Make sure you label and solve for gross profit, operating profit, and net profit before taxes. b. Using a 35% tax rate, calculate taxes paid and net profit after taxes. c. Assuming a dividend of $1.10 per share with 4.25 million shares outstanding and calculate EPS.