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(Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co had $4,549,000 in revenues, $3,304,000 in cost

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(Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co had $4,549,000 in revenues, $3,304,000 in cost of goods sold, $441,000 in operating expenses which included depreciation expense of $140.000, and a tax liability equal to 34 percent of the firm's taxable income. Sandifer Manufacturing Co plans to reinvest $41,000 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 = Less: Cost of Goods Sold = $ Equals: Gross Profit Less: Operating Expenses = $ Equals: Net Operating Income Less: Interest Expense s Equals: Earnings before Taxes = $ Less: Income Taxes Equals: Net Income = The amount that the company will be able to pay as a cash dividend is $ (Round to the nearest dollar)

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