(Related to Checkpoint 4 3) (Profitability analysis) Last year the PM Postem Corporation had sales of 5401 000 with a cost of goods sold of $112.000 The firm's operating expenses were $ 130,000 and is increase in refined as was $07240 There are currently 23,000 shares of common stock outstanding the firm pays a 51 57 dividend per share, and the firm has no interest-bearing debt a. Assuming the firm's carings are taxed at 35 percent construct the firm's income statement b. Compute the firm's operating profit margin a. Assuming the firm's earrings are taxed at 35% construct the firm's income statement Complete the income statement below (Round to the nearest dollar) Income Statement Revenues $ Cost of Goods Sold S Gross Profit Operating Expenses Net Operating income $ Interest Expense Earnings before Taxes Income Taxos S Net Income S