(Profitability and capital structure analysis) In the year just ended, Callaway Lighting had avles of $5,220,000 and incurned cost of goods 10/d egual lo $4,540,000. The firm's operating expenses were $135,000 and its horease in retnined eamings was $36,000 for the year. There are cumerby $9,000 common stock shares cutstanding and the firm poys a $2.544 dividend par share. The firm has $1,060,000 in interest-bearing debt on which it payt 8.2 percent interest. a. Assuming the firm's earnings are taxed at 35 percent, construct the frrm's income statoment: b. Calculate the firm's operating profe margin and net profit margin. c. Compute the times interest earnod ratio. What doos this ratio tell you about Calaways abilly to pay its interest oxpense? d. What is the firm's retum on equity? a. Assuming the firm's earnings are taxed at 35%, construct the firm's income statomant. Complete the income statement below: (Round to the nearest dollar)