Floats R Us Marine Supply has 10,000 shares of common stock outstanding. The company also has...

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Floats R Us Marine Supply has 10,000 shares of common stock outstanding. The company also has the following amounts in revenue and expense accounts. SHOW YOUR WORK. (10 Points) Sales revenue $ 75,000 General and administrative expense 5,000 Interest expense 4,500 3,500 400 Depreciation expense Preferred stock dividends Selling expense Cost of goods sold Prepare an income statement (in good form), identifing the following values: (a) gross profits. (b) operating profits. 3,000 44,000 (c) earnings before taxes. (d) earnings after taxes (assume a 40 percent tax rate). (e) earnings available to common stockholders. Calculate the following: (f) earnings per share. (g) cash flow from operations. Floats R Us Marine Supply has 10,000 shares of common stock outstanding. The company also has the following amounts in revenue and expense accounts. SHOW YOUR WORK. (10 Points) Sales revenue $ 75,000 General and administrative expense 5,000 Interest expense 4,500 3,500 400 Depreciation expense Preferred stock dividends Selling expense Cost of goods sold Prepare an income statement (in good form), identifing the following values: (a) gross profits. (b) operating profits. 3,000 44,000 (c) earnings before taxes. (d) earnings after taxes (assume a 40 percent tax rate). (e) earnings available to common stockholders. Calculate the following: (f) earnings per share. (g) cash flow from operations.