Using the following information, complete the income statement for Big Corporation:
Sales $__
Cost of Good Sold $ 8,000,000
Gross Profit $__
Selling/Admin Expenses $ 1,150,000
Deprec. Expense $ 250,000
Operating Profit (Before Interest and Taxes) $_
Interest Expense $ 200,000
Earnings Before Taxes $_
Taxes $_
Net Profit $_
Total Shares Outstanding 100,000
Earnings per share $6
Tax Rate is 40%
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Sales $__
Cost of Good Sold $ 8,000,000
Gross Profit $__
Selling/Admin Expenses $ 1,150,000
Deprec. Expense $ 250,000
Operating Profit (Before Interest and Taxes) $_
Interest Expense $ 200,000
Earnings Before Taxes $_
Taxes $_
Net Profit $_
Total Shares Outstanding 100,000
Earnings per share $6
Tax Rate is 40%
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