Required: Based on the information in the table below. prepare an income statement for Windswept Woodworks, Incorporated for year 2. Assume that the company pays a flat tax rate of 21% on its taxable income. (Round your answers to 2 decimal places.) Windswept Woodworks, Incorporated Input Data (millions of dollars) Year 2 Year 1 Accounts payable 552 484 Accounts receivable 1,396 930 Accumulated depreciation 6.862 6,732 Cash & equivalents 340 228 Common stock 1,300 1,220 Cost of goods sold 1,520 Depreciation expense 2 n.a. Common stock dividends paid 7 Interest expense 160 n.a. Inventory 1,130 1,126 Addition to retained earnings 602 Long-term debt 928 836 Notes payable 250 400 Grono plant equipment 10,340 10,080 Retained earnings 3,178 2,576 Sales 3,038 n.a. other current liabilities 136 116 Tax rate 210 Market price per share - year and $ 20.80 $ 18.50 Number of shares outstanding 500 million 500 million n.. n.. n.8. na. Windswept Woodworks, Incorporated Income Statement for the period ending December 31, Year 2 (millions of dollars) Sales Cost of goods sold Gross profit on sales Depreciation expense Earnings before interest and taxes Interest expense Taxable income Taxes (@21%) Net Income