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 Woodworks, Inc. Input Data (millions of dollars) Year 2 Accounts payable 496 Accounts receivable 1,340 Accumulated depreciation 6, 806 Cash & equivalents 284 Common stock 1,244 Cost of goods sold 1,500 Depreciation expense Common stock dividends paid Interest expense Inventory 1,074 Addition to retained earnings 602 Long-term debt 872 Notes payable 230 Gross plant & equipment 10,260 Retained earnings 3,122 Sales 3,018 Other current liabilities 116 Tax rate 34% Market price per share year end $ 19.80 Number of shares outstanding 500 million Year 1 434 880 6,682 178 1,170 n.a. n.a. n.a. 140 n.a. 1,076 n.a. 786 380 10,000 2,526 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