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 3% on its taxable income. (Round each entry to 2 decimal places.) Windswept Woodworks, Inc. Input Data (millions of dollars) Year 2 520 1,364 6,830 308 1,268 1,500 Year 1 454 900 6,702 198 1,190 n.a. n.a. Accounts payable Accounts receivable Accumulated depreciation Cash & equivalents Common stock Cost of goods sold Depreciation expense Common stock dividends paid Interest expense Inventory Addition to retained earnings Long-term debt Notes payable Gross plant & equipment Retained earnings Sales Other current liabilities Tax rate Market price per share - year end Number of shares outstanding 140 1,098 602 896 230 10,260 3,146 3,018 116 34% 19.80 500 million n.a. n.a. 1,096 n.a. 806 380 10,000 2,546 n.a. 96 n.a. 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 (@34%) Net income