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) Accounts payable Accounts receivable Accumulated depreciation Cash & equivalents Common stock Cost of goods sold Depreciation expense Common stock dividends paid Interest expense Year 2 Year 1 612 544 990 1,360 1,456 6,922 400 6,792 288 1,280 1,580 n.a. ? n.a. ? n.a. 220 n.a. Inventory 1,190 1,186 Addition to retained earnings 602 n.a. Long-term debt 988 896 Notes payable 310 460 Gross plant & equipment Retained earnings Sales Other current liabilities Tax rate Market price per share year end Number of shares outstanding Sales Windswept Woodworks, Incorporated Income Statement for the period ending December 31, Year 2 Cost of goods sold Gross profit on sales Depreciation expense (millions of dollars) Earnings before interest and taxes Interest expense Taxable income 10,580 10,320 3,238 3,098 196 21% - $ 26.80 2,636 n.a. 176 n.a. $ 24.50 500 million 500 million Taxes (@21%) Net income