Score: 0 of 1 pt 2 of 6 (1 complete) HW Score: 10.42%, 0.63 of 6 pts P3-2 (similar to) Question Help (Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co. had $4,502,000 in revenues, $3,334,000 in cost of goods sold, 5456,000 in operating expenses which included depreciation expense of $143,000, and a tax liability equal to 34 percent of the firm's taxable income. Sandifer Manufacturing Co. plans to reinvest $45,000 of its earnings back into the firm. What does this plan leave for the payment of a cash dividend to Sandifer's stockholders? ns Complete the income statement for Sandifer Manufacturing Co.: (Round to the nearest dollar.) 01 Revenues = $ 4502000 Less: Cost of Goods Sold = s 3334000 Equals: Gross Profit = $ 1168000 ues 0; a Less: Operating Expenses = S 456000 Prin Equals: Net Operating Income - s 712000 st of Less: Interest Expense = $ 0 Equals: Earnings before Taxes = S nco Less: Income Taxes = $ H Equals: Net Income = $ inco enues 000; nt (124 Cost of pu he inco venues 0,000; ment (12 Enter any number in the edit fields and then click Check Answer. Cost of Clear All remaining ? 1 part Check Answer P3-2 (similar to) Question Help (Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co. had $4,502,000 in revenues, $3,334,000 in cost of goods sold, $456,000 in operating expenses which included depreciation expense of $143,000, and a tax liability equal to 34 percent of the firm's taxable income. Sandifer Manufac Co. plans to reinvest $45,000 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 = $ 4502000 Less: Cost of Goods Sold = $ 3334000 $ 1168000 Equals: Gross Profit = 456000 Less: Operating Expenses = $ in Equals: Net Operating Income = $ 712000 of Less: Interest Expense = $ 0 Equals: Earnings before Taxes = $ Less: Income Taxes = $ Equals: Net Income $ nco ues 0:4 (120 bu st of inco enues 000; ent (124 Enter any number in the edit fields and then click Check Answer. Cost of 1 part remaining Clear All Check