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please help me with detail explanation on calculation with answers. urgent! I really appreciate your kindly help Empire Labs Inc. was organized several years ago

please help me with detail explanation on calculation with answers. urgent! I really appreciate your kindly help

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Empire Labs Inc. was organized several years ago to produce and market several new miracle drugs. The following data on the company are available for the past two years: 840 ooo 120,000 120,000 360 ooo 280 ooo xn nn Sales Less: Cost of goods sold Gross margin Less: Operating expenses et operating income Less: Interest expense et income before taxes Less: Income taxes (30%) et income EMPIRE LABS INC. Comparative Income Statement For the Years Ended December 31 This Year 13 ooo ooo 5 260 ooo 240 ooo 450 ooo EMPIRE LABS INC. Comparative Retained Earnings Statement For the Years Ended December 31 Retained earnings, January- I Add: Net income (above) Total Deduct: Cash dividends paid: Preferred dividends Common dividends RI dividendqna This Year 1 050 ooo 3 450 ooo Last Year 9 ooo ooo 4 560 ooo 240 ooo 360 ooo 840,000 Last Year 2 800 ooo ann nn

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