$($Related to Checkpoint $4\mathrm{.}3)($Profitability analysis$)$ Last year the P$.$ M$.$ Postem Corporation had sales of $$434,000,$ with a cost of goods sold of $$113,000.$ The firm's operating

expenses were $$126,000,$ and its increase in retained earnings was $$92,100.$ There are currently $21,000$ shares of common stock outstanding, the firm pays a $$1\mathrm{.}65$ 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.

Compiete the income statement De$$ow: $($Kound to the nearest donar.$)$