Question: Complete the Income Statement Below. Round to the nearest dollar if necessary. Fill in the blanks with correct word choice. -----: -----: -----: -----: EBIT:

Complete the Income Statement Below. Round to the nearest dollar if necessary. Fill in the blanks with correct word choice.

-----:

-----:

-----:

-----:

EBIT:

-----:

TAXABLE INCOME:

-----:

NET INCOME:

The following are the words you will use and their totals to fill in the income statement Account Balance.

Cost of goods sold 1,423,000

Interest expense 285,000

Taxes 222,800

Revenue 2,981,000

Selling, general, and administrative expenses 455,000

Depreciation 261,000

What was the companies Operating Cash Flow for the year?

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