You are analyzing Troll Company and are provided with the following information for 2017:

Sales are 3.7 million

Investment Income: $4,000

Dividends are 15 cents a share

Company issued 800, 10 year, 7% coupon, $5,000 par value bonds 2 years ago

Administrative costs are $148,000

Common sized on sales :

Operating expense 12%

Selling expenses 3%

COGS 52%

Tax Rate 30%

Depreciation is straight line on a piece of equipment purchased 4 years ago at a cost of $5 million, with no salvage value and a life of 30 years

2 million shares outstanding

Create a complete income statement for 2017.

What are the additions to retained earnings?

What is the operating Cash flow

If the forward P/E ratio of the stock is 22, what is the current price of the stock?