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  3. (working with the income statement) at the end of

(Working with the income statement) At the end of its third year of operations, the...

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Accounting

(Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co. had $4,531,000 in revenues, $3,346,000 in cost of goods sold, $449,000 in operating expenses which included depreciation expense of $153,000, and a tax liability equal to 34 percent of the firm's taxable income. Sandifer Manufacturing Co. plans to reinvest $60,000 of its earnings back into the firm. What does this plan leave for the payment of a cash dividend to Sandifer's stockholders?
Complete the income statement for Sandifer Manufacturing Co.: (Round to the nearest dollar.)
\table[[Revenues =,$
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