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(Working with the income statement)At the end of its third year of operations, the Sandifer Manufacturing Co. had $ 4,552,000 in revenues, $ 3,301,000 in
(Working with the income statement)At the end of its third year of operations, the Sandifer Manufacturing Co. had $ 4,552,000 in revenues, $ 3,301,000 in cost of goods sold, $ 455,000 in operating expenses which included depreciation expense of $ 151,000 , 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?
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