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cy2 BIU- Paste Format Painter Cipboard 2-A-E33 Mega Center $ - % Sandtonal Formstead Formento Nomnul 2 Good Font Alignment N14 X Problem Three 1 Promos 2 Sales Shares outstanding Cost of good sold terest expense selling and administrative expense depreciation expense preferred stock dividends tantes $600,000 100,000 $200,000 $30.000 140.000 $20,000 $50,000 3100,000 Probilo Sales Shares outstanding Cost of good sold interest expense selling and administrative expense depreciation expense preferred stock disidents $550.000 125.000 $325.000 550.000 $85.000 $25,000 $75.000 $95.000 11 Please complete the income statement Income Statement 2016 Sales Please complete the income statement Income Statement 2015 Common Size 11 1600,000 550.000 Cost of goods sold 2000 Cost of goods sold 13500 Gross proft 400.000 Grosse 525.000 10,000 seling and administrative expense Selling and we 61.000 23.09 Depreciatios espente Depreciation expense 43.00 Operating profit Operating 100,000 10.01 Interested tited expense 20 Farags before taxes 335.000 110.000 Es before Taxes TE weco DOO Earnungsate taus Estas 210.000 DOO 10 DOO Preferred stocks Preferred stock nidad so Bawlable to adholdet Earnings available to come stockholders Share outing Shtetit 100.000 End 6