You are a summer inter at the office of a local tax preparer. To test your basic knowledge of financial statements, your manager gives you the following ist of accounts and asks you to prepare a simple income statement using those Amange the accounts into a wet-labeled income statement. Make sure you label and solve for gross profits, operating profits, and net profits before taxes accounts b. Using a 35% tax rate, calculate taxes paid and net profits after taxes Assuming a dividend of $1.00 per share with 4.10 million shares outstanding, calculate EPS and additions to retained eamings a. Complete the income statement, down to the net profits before taxes ine, below (elect the account names from the drop-down menus and round the amounts to two decimal places.) Name of Company Income Statement (3000,000) 1 2 Gro Less Opereting expenses 3 $ 4 S 6 Total operating expense $ Operating profits (EBIT) $ 7 Net profits before taxes Data table (Click the icon here in order to copy the contents of the data table below into a Accounts General and adminis Sales Cost of goods sold Lease expense Interest expense Print Done (1000,000) 24.87 22.12 345.23 17.49 254.16 3.75 3.85 - X