Problem 4.32 The following are the financial statements for Nederland Consumer Products Company for the fiscal year ended September 30, 2014. Nederland Consumer Products Company Income Statement for the Fiscal Year Ended September 30, 2014 $64,840 20,757 $44,083 Net sales Cost of products sold Gross profit Marketing, research, administrative exp.14,900 Depreciation Operating income (loss) Interest expense Earnings (loss) before income taxes Income taxes Net earnings (loss) 890 $28,293 487 $27,806 8,259 $19,547