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(Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co. goods sold, $441,000 in operating expenses which

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(Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co. goods sold, $441,000 in operating expenses which included depreciation expense of $142,000, and a tax liability Sandier Manufacturing Co. plans to reinvest $40,000 of its earnings back into the firm. What does this plan leave stockholders? Complete the income statement for Sandifer Manufacturing Co.: (Round to the nearest dollar.) Revenues $ 4,598,000 Less: Cost of Goods Sold $ 3,344,000 $ 1,254,000 Less: Operating Expenses - Equals: Gross Profit 441,000 Equals: Net Operating Income $ 813,000 Less: Interest Expense - $ 0 Equals: Earnings before Taxes - 276,420 $ 813,000 Loss: Income Taxes $ Equals: Net Income $ 536,580 The amount that the company will be able to pay as a cash dividend is $ (Round to the nearest dollar)

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