You are a summer intern at the office of a local tax preparer. To test your basic knowledge of financial$$ statements, your manager gives you the following list of accounts LOADING... and asks you to prepare a simple income statement using those accounts.

a$.$ Arrange the accounts into a$$ well$-$labeled income statement. Make sure you label and solve for gross$$ profits, operating$$ profits, and net profits before taxes.

b$.$ Using a $21\%$ tax$$ rate, calculate taxes paid and net profits after taxes.

c$.$ Assuming a dividend of $ $1\mathrm{.}11$ per share with $4\mathrm{.}26$ million shares$$ outstanding, calculate EPS and additions to retained earnings.