TABLE 4-7 Moderately Large Corporation Consolidated Statement of Eamings Consolidated Statement of Earnings (in thousands, except earning per share) uec. 3, 2013 Dec. 31, 2012 Dec. 31, 2011 Fiscal year Ended: $2,456 Net revenuea $2,751 $2.888 4,572 Cash sales 5,258 6.046 Credit Saies 7,028 8008 8,935 Tctai Net Revenues 3,725 5.36 Cost of Sales 3,504 3,574 Gross Profit 1,112 1,183 Salaries 155 Deprec 135 on 122 General and admin strative expenses 479 Subtotal operating exponses 2,052 1,687 Operating income 1.522 11891 1616 interest expense Earnimy3 bolore income taxes 1.580 1,605 Income taxea 588 Net Earnings Per Common Share 1,043 Net Earnings Basic 0.28 0.31 Not Earnings Diluted 0.2 0.30 Weighted average shares outstanding: 3.500 3,500 Diluted 3 500