Problem on Problem Two Problem three $600.000 Sale 850.000 125.000 Shares outstanding 100.000 Shares outstanding 325.000 Cost of good sold S200.000 Cost of good sold interest expense S30000 interest expense S50.000 S40000 S65.000 selling and administrative expense selling and administrative expense depreciation expense depreciation expense $25,000 preferred stock dividends preferred stock dividends 80.000 75.000 axe Please complete the income statement Please complete the income statement Income Statement Income Statement Common Size 2016 2015 2016 2015 S600,000 Sales S850,000 Cost of goods sold Cost of goods sold Gross profit Gross profit Selling and administrative expense Selling and administrative expense Depreciation expense operating profit Operating profit Interest expense Interest expense Earnings before taxes Earnings before taxes Taxes Taxes Earnings after taxes Earnings after taxes Preferred stock dividends Preferred stock dividends Earnings available to common stockholders Earnings available to common stockholders Shares outstanding Shares outstanding