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Related to Checkpoint 3.1) (Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co. had $4,542,000 revenues,

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Related to Checkpoint 3.1) (Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co. had $4,542,000 revenues, $3,337,000 in cost of goods sold, $443,000 in operating expenses which included depreciation expense of $151,000, and a tax liability equal to 34 percent 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 = Less: Cost of Goods Sold = Less: Operating Expenses = Less: Interest Expense = Less: Income Taxes = $ $ $ Equals: Gross Profit= Equals: Net Operating Income = 0 Equals: Earnings before Taxes = Equals: Net Income = $ $ $ $

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