Question: For the following income statement and balance sheet, fill in the missing information for the calendar year ending December 31.
Sales ($) __________
COGS 200,000
Gross Profit __________
Expenses 300,000
EBIT __________
Interest Expense 10,000
EBT __________
Tax Expense (40%) 36,000
Net Income __________
Retained Earnings
(Jan 1) 150,000
Dividends Paid 25,000