(Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co. had $4,515,000 in revenues, $3,300,000 in cost of goods sold, $456,000 in operating expenses which included depreciation expense of $158,000, and a tax liability equal to 34 percent of the firm's taxable income. Sandifer Manufacturing Co. plans to reinvest $45,000 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 = 4515000 Less: Cost of Goods Sold = -3300000 Equals: Gross Profit = 1215000 Less: Operating Expenses: $ -456000 Equals: Net Operating Income = 759000 Less: Interest Expense = $ Equals: Earnings before Taxes = Less: Income Taxes = $ EA -258060 Equals: Net Income = 500940