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(Related to Checkpoint 4.3) (Profitability analysis) Last year the P. M. Postem Corporation had sales...

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(Related to Checkpoint 4.3) (Profitability analysis) Last year the P. M. Postem Corporation had sales of \$423,000, with a cost of goods sold of $114,000. The firm's operating expenses were $125,000, and its inctease in retained earnings was $87,400. There are curtently 20,000 sharos of common stock outstanding, the firm pays a $1,61 dividend per share, and the firm has no interest bearing debe. a. Assuming the firm's earnings are taxed at 35 percent, construct the firm's income statoment. b. Compule the firms operating profit margin. a. Assuming the firm's earnings are taxed at 35%, construct the firm's income statement. Complete the income statement below: (Round to the nearest dolar.)

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