(Estimated time allowance: 5 minutes) Use the data from the financial statements of a company shown here (or in excel) to answer the question below (bottom of last financial statement). To get the data below and answer the questions, you can do one of the following approaches: 1. Use the screen image shown 2. Position cursor any place in the image, double click and select all; copy and paste into an excel file 3. Click here for formatted excel version (need to update numbers to the ones presented here) Income Statement year ending 20201 Sales Revenues $140,000 Cost of goods sold 48,000 Fixed costs 19,000 Selling, general, and administrative expenses: 25,000 Depreciation 8,000 EBIT Interest expense 2,000 Taxable Income Taxes Net Income