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Weiland Co. shows the following information on its 2016 income statement: sales = $155,000; costs = $81,500; other expenses = $4,800; depreciation expense = $10,500;

Weiland Co. shows the following information on its 2016 income statement: sales = $155,000; costs = $81,500; other expenses = $4,800; depreciation expense = $10,500; interest expense = $8,000; taxes = $17,570; dividends = $7,400. In addition, you're told that the firm issued $3,000 in new equity during 2016 and redeemed $4,700 in outstanding long-term debt.

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