(Related to Checkpoint 3.1) (Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co. had $4,520,000 in revenues, $3,335,000 in cost of goods sold, $453,000 in operating expenses which included depreciation expense of $150,000, and a tax liability equal to 34 percent of the firm's taxable income. What is the net income of the firm for the year? Complete the income statement for Sandifer Manufacturing Co.: (Round to the nearest dollar.) Revenues = $ 4520000 Less: Cost of Goods Sold = $ 3335000 Equals: Gross Profit= Less: Operating Expenses = $ 453000 Equals: Net Operating Income- $ Less: Interest Expense $ 0 Equals: Earnings before Taxes = $ Less: Income Taxes = Equals: Net Income = S (Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co. had $4,517,000 in revenues, $3,384,000 in cost of goods sold, $440,000 in operating expenses which included depreciation expense of $144,000, and a tax liability equal to 34 percent of the firm's taxable income. Sandifer Manufacturing Co. plans to reinvest $43,000 of its earnings back into the firm. What does this plan leave for the payment of a cash dividend to Sandifer's stockholders? Complete the income statement for Sandifer Manufacturing Co.: (Round to the nearest dollar.) Revenues= $ Less: Cost of Goods Sold = $ Equals: Gross Profit= 69 $ Less: Operating Expenses = $ Equals: Net Operating Income = $ Less: Interest Expense = $ Equals: Earnings before Taxes = $ Less: Income Taxes = SA $ Equals: Net Income = $