INCOME STATEMENT Net Sales $31,000,000 Cost of Goods Sold $10,230,000 Gross Profit $20,770,000 Depreciation Expense $2,200,000 S A Expenses $1,088,000 Operating Income (EBIT) $17,482,000 Interest Expense $3,600,000 Income before Taxes $13,882,000 Income Taxes (42 ) $5,830,440 Net Income $8,051,560 ...

Based on the income statement you provided the Net Profi ...

INCOME STATEMENT Net Sales $31,000,000 Cost of Goods Sold $10,230,000 Gross Profit $20,770,000 Depreciation Expense $2,200,000 S&A

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