Please help me fill out part C.

a. In fiscal year 2016, Cumberland Industries' sales were $455,000,000; cost of goods sold were equal to 85% of sales; net fixed assets were $80,000,000; depreciation amounted to 10% of net fixed assets; interest expenses were $8,550,000; the state-plus-federal corporate tax rate was 40% and Cumberland paid 25% of its net income out in dividends. Given this information, construct Cumberland's income statement. Also calculate total dividends and the addition to retained earnings. The input information required for the problem is outlined in the "Key Input Data" section below. Using this data and the balance sheet above, we constructed the income statement shown below Key Input Data for Cumberland Industries 2016 (Thousands of dollars) Sales COGS as a % of sales Net fixed assest Depr. as a % of net fixed assets Tax rate Interest expense Dividend Payout Ratio $455,000 85.0% $80,000 10.0% 40.0% $8,550 25% 2016 $455,000 $386,750 $8,000 $68,250 $8,550 $51,700 $20,680 $31,020 Cumberland Industries: Income Statement (Thousands of dollars) Sales Cost of goods sold Depreciation EBIT Interest expense EBT Taxes (40%) Net income Common dividends Addition to retained earnings $7,755 $23,265