Prepare a good form of an income statement for ATM Cards, Inc for December 31, 2011. Take your calculations all the way to computing EPS, Dividend Payout Ratio, and Retention Rate. Use $1.00 common stock dividend per share.

$800,000 100,000 300,000 20,000 40,000 30,000 80,000 110,000 Sales Shares outstanding Cost of goods sold Interest expense Selling and administrative expense Depreciation expense Preferred stock dividends T axeS Prob.1: Income statement Sales Cost of goods sold Selling & administrative Depreciation expenses Gross profit expenses EBIT (Operating Profit) Interest expenses EBT Taxes EAT Preferred stock dividends Net income to common stockholders Common stock dividends Retained Earnings Share outstandin Earning per share (EPS) Dividend Payout Ratio 100,000 Retention Ratio