(Related to Checkpoint 4.3) (Profitability analysis) Last year the P. M. Postem Corporasion had sales of \$405,000, with a cost of goods sold of $110,000. The frm's operating expenses were $130,000, and ts increase in retained earnings was $72,710. There are currertly 22,000 shares of common stock outstanding, the firm pays a $1.57 dividend per share, and the frm has no interest-bearing debt. a. Assuming the firm's earnings are taxed at 35 percent, construct the frm's income statement. b. Compule the firm's operating prolit margin a. Assuming the firms earnings are taxed at 35%, construct the firms income statement. Complete the income stasement below (Round to the nearest dolat) (Related to Checkpoint 4.3) (Profitability analysis) Last year the P. M. Postem Corporasion had sales of \$405,000, with a cost of goods sold of $110,000. The frm's operating expenses were $130,000, and ts increase in retained earnings was $72,710. There are currertly 22,000 shares of common stock outstanding, the firm pays a $1.57 dividend per share, and the frm has no interest-bearing debt. a. Assuming the firm's earnings are taxed at 35 percent, construct the frm's income statement. b. Compule the firm's operating prolit margin a. Assuming the firms earnings are taxed at 35%, construct the firms income statement. Complete the income stasement below (Round to the nearest dolat)