Question

Income statement. Use the data om the following financial statement in he popup window . Complete he partia income statement he company paid interest expense of $17,500 or 2017 and had an overall tax ate of 40% for 2017 Complete the income statement below: (Round to the nearest dollar.) t Year Ending 2017 Sales revenue Cost of goods sold Fixed costs Selling, general, and administrative expenses S360,000 $142,000 $43,400 $28,200 $46,300 Data Table Partial Income Statement Year Ending 2017 EBIT Interest expense Taxable income Taxes Net income Sales revenue Cost of goods sold Fixed costs Selling, general, and administrative expenses Depreciation $360,000 $142,000 S43,400 S28,200 S46,300 Print Done

Answer 1

Income Statement:
Sales revenue				360000
Cost of goods sold				142000
Fixed cost				43400
Selling general and admin expense				28200
Depreciation expenses				46300
EBIT				100100
Interest expenses				17500
Taxable income				82600
Taxes @ 40%				33040
Net Income				49560