Question: 1 2. (15 points) Use the provided information and answer the following questions: Cost of goods sold Interest Dividends Depreciation Change in retained earnings 2008

1 2. (15 points) Use the provided information and answer the following questions: Cost of goods sold Interest Dividends Depreciation Change in retained earnings 2008 $3,210 $215 $160 $375 $360 35% Tax rate (Hint: To to build the income statement from botfon fo top) (a) What is the net income for 2008? What is the taxable income? (5 points) +

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