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( Working with the income statement ) At the end of its third year of operations, the Sandifer Manufacturing Co , had $ 4 ,

(Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co , had
$4,507,000 in revenues, $3,368,000 in cost of goods sold, $454,000 in operating expenses which included depreciation
expense of $145,000, and a tax liability equal to 34 percent of the firm's taxable income. Sandifer Manufacturing Co.
plans to reinvest $43,000 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.)
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