| Sales | $65,000,000 |
| Less Cost of Goods Sold | $32,500,000 |
| Gross Profits | $32,500,000 |
| Less Operating Expenses | $18,000,000 |
| Operating Profits | $14,500,000 |
| Less Net Interest | $500,000 |
| Profit Before Taxes | $14,000,000 |
| Less Taxes (40%) | $5,600,000 |
| Profit After Taxes | $8,400,000 |
| Least Common Stock Dividends | $3,000,000 |
| Retained Earnings | $5,400,000 |
