Based on the information in the table below, prepare an income statement for Windswept Woodworks, Inc. for year 2. Assume that the company pays a flat tax rate of 34% on its taxable income. (Round each entry to 2 decimal places.) Windswept Hoodworks, Inc. Input Data (millions of dollars) Year 2 Year 1 Accounts payable 496 434 Accounts receivable 1,340 880 Accumulated depreciation 6,806 6,682 Cash & equivalents 284 178 Common stock 1,244 1, 170 Cost of goods sold 1,500 n.a. Depreciation expense 2 n.a. Common stock dividends paid 7 n.a. Interest expense 140 n. Inventory 1,074 1,076 Addition to retained earnings 602 n.. Long-term debt 872 786 Notes payable 230 380 Gross plant & equipment 10,260 10,000 Retained earnings 3,122 2,526 Sales 3,018 n.. Other current liabilities 116 96 Tax rate 348 Market price per share - year end n.a. $ 19.80 $17.50 Number of shares outstanding 500 million 500 million $ Sales Cost of goods sold Gross profit on sales Depreciation expense Earnings before interest and taxes Interest expense Taxable income Taxes (348) Not income S $