Save Homework: Chapter 3 Homework Score: 0 of 1 pt 2 of 6 (4 complete) HW Score: 66.67%, 4 of 6 pts P3-2 (similar to) 3 Question Help (Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co. had $4,551,000 in revenues, $3,323,000 in cost of goods sold, $453,000 in operating expenses which included depreciation expense of $158,000, and a tax liability equal to 34 percent of the firm's taxable income. Sandifer Manufacturing Co plans to reinvest $40,000 of its earnings back into the firm. What does this plan leave for the payment of a cash dividend to Sandifer's stockholders? Complete the income statement for Sandifer Manufacturing Co.: (Round to the nearest dollar.) $ Revenues = Less: Cost of Goods Sold = $ Equals: Gross Profit = $ Less: Operating Expenses = $ Equals: Net Operating Income = $ Less: Interest Expense = 5 Equals: Earnings before Taxes = $ Less: Income Taxes = $ Equals: Net Income = $ Enter any number in the edit fields and then click Check Answer Clear All Check Answer 1 part remaining