$($Related to Checkpoint $4\mathrm{.}3)($Profitability analysis$)$ Last year the P$.$ M$.$ Postem Corporation had sales of $$411,000,$ with a cost of goods sold of $$112,000.$ The firm's operating expenses were $$125,000,$ and its increase in retained earnings was $$79,290.$ There are currently $21,000$ shares of common stock outstanding, the firm pays a $$1\mathrm{.}61$ dividend per share, and the firm has no interest$-$bearing debt.

a$.$ Assuming the firm's earnings are taxed at $35$ percent, construct the firm's income statement.

b$.$ Compute the firm's operating profit margin.

a$.$ Assuming the firm's earnings are taxed at $35\%,$ construct the firm's income statement.

Complete the income statement below. $($Round to the nearest dollar.$)$

$\backslash$table$[[$Income Statement$],[$Revenues$],[$Cost of Goods Sold$],[$Gross Profit$],[$Operating Expenses$],[$Net Operating Income$],[$Interest Expense$],[$Earnings before Taxes$],[$Income Taxes$],[$Net Income$]]$