Question: (Working with the income statement) At the end its third year of operations, the Sandifer Manufacturing Co. had $4.553.000 in revenues, 53.373.000 in cost of

 (Working with the income statement) At the end its third year

(Working with the income statement) At the end its third year of operations, the Sandifer Manufacturing Co. had $4.553.000 in revenues, 53.373.000 in cost of goods sold. $445.000 in operating expenses which included depreciation expense of $158,000, and a tax liability equal to 34 percent of the firm's taxable income. Sandifer Manufacturing Co. plans to reinvest $53,000 of its earnings back into the firm. What does this plan leave for the payment of a cash dividend to Sandifer's stockholders? Complete the income statement for Sandifer Manufacturing Co.: (Round to the nearest dollar.) Revenues = $ Less: Cost of Goods Sold = S Equals: Gross Profit = S Less: Operating Expenses = $ Equals: Net Operating Income = S Less: Interest Expense = $ Equals: Earnings before Taxes = s Less: Income Taxes = $ Equals: Net Income S The amount that the company will be able to pay as a cash dividend is $0 (Round to the nearest dollar.)

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