Sales 800,000; Cost of goods sold 300,000; accounts recievable 20,000; bonds outstanding 160,000; accounts payable 20,000; advertising expense 1,000; administrative expense 35,000; interest expense 24,000; depreciation 40,000; dividends paid 137,000; rent expense 5,000; accurals 20,000; common stock 100,000; retained earnings 245,000( beginning of 1998); cash 20,000; inventory 45,000; net fixed assets 600,000 (beginning of 1998). assume a 40% tax bracket