Given the following information for Smashville, Inc., construct an income statement for the year: ...

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Given the following information for Smashville, Inc., construct an income statement for the year:

Cost of goods sold	200000
investments income	2700
Net sales	333000
operating expense	47000
interest expense	7400
dividends	16000
tax rate	35.00%

What are retained earnings for the year? (Input all amounts as positive values. Omit the "$" sign in your response.)

Sales
Cost of goods sold

Gross Profit
Operating expense

Operating income
investmetns income
investments expense

Pretax income
income taxes

Net income

Divendes
Retained earingind

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