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.) Year 1 454 900 6,702 198 1.190 Windswept Woodworks, Ine. Input Data (millions of dollars) Year 2 Accounts payable 520 Accounts receivable 1,364 Accumulated depreciation 6,830 Cash & equivalents 308 Common stock 1,268 Cost of goods sold 1,500 Depreciation expense ? Common stock dividends paid 2 Interest expense 140 Inventory 1,098 Addition to retained earnings 602 Long-term debt 896 Notes payable 230 Gross plant & equipment 10,260 Retained earnings 3,146 Sales 3,018 Other current liabilities 116 Tax rate 349 Market price per share - year end $ 19.80 Number of shares outstanding 500 million n.a. 1,096 806 380 10,000 2,546 96 $ 17.50 500 million $ $ Sales Cost of goods sold Gross profit on sales Depreciation expense Earnings before interest and taxes Interest expense Taxable income Taxes (e 348) $ $ Net income $