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Save Homework: Chapter 3 Homework Score: 0 of 1 pt 1 of 6 (0 complete) HW Score: 0%, 0 of 6 pts P3-1 (similar to)

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Save Homework: Chapter 3 Homework Score: 0 of 1 pt 1 of 6 (0 complete) HW Score: 0%, 0 of 6 pts P3-1 (similar to) Question Help (Related to Checkpoint 3.1) (Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co. had $4,537,000 in revenues, $3,310,000 in cost of goods sold $441,000 in operating expenses which included depreciation expense of $145,000, and a tax liability equal to 34 percent of the firm's taxable income. What is the net income of the firm for the year? Complete the income statement for Sandifer Manufacturing Co.: (Round to the nearest dollar.) $ 4537000 Revenues Less: Cost of Goods Sold = $ Equals: Gross Profit $ Less: Operating Expenses = $ $ Less: Interest Expense $ Equals: Net Operating Income = 0 Equals: Earnings before Taxes $ Less: Income Taxes $ Equals: Net Income = $

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