Question: (a) Fill in the missing values (in the six empty cells) in the income statement below XYZ Corporation Income $000's Statement 2005 2006 2007 500

 (a) Fill in the missing values (in the six empty cells)

(a) Fill in the missing values (in the six empty cells) in the income statement below XYZ Corporation Income $000's Statement 2005 2006 2007 500 600 Revenue Allowance for Adjustments & Warranty Net Revenue 650 8 592 495 641 290 205 360 232 38.7% Cost of Goods Sold Contribution Margin CM(%) Sales, General, and Administrative Expenses All Items except Depreciation Depreciation 120 20 125 110 20 20 96 2 Operating Income Other Income (no writedowns) Net Income 98 (b) A prospective buyer declined to purchase the company. Using 10 words or less, why do you think that might be? (c) What is the company's net cash flow in 2007? (d) At the end of 2006, the above company had retained earnings of $400,000. If they paid a $25,000 dividend in 2007, what are its retained earnings at the end of 2007

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