Fall 2020 3101 Section 007 Homework: P2 (Financial Statements) Save core: 0 of 1 pt 4 of 8 (2 complete) HW Score: 18.75%, 1.5 of 8. 2-7 (similar to) Question Help Income statement. Use the data from the following financial statement in the popup window, !. Complete the partial income statement if the company paid interest expense of $17,200 for 2017 and had an overall tax rate of 40% for 2017 Complete the income statement below: (Round to the nearest dollar.) Income Statement Year Ending 2017 Sales revenue $354,000 Cost of goods sold $136,000 Fixed costs $42,400 Selling, general, and administrative expenses $28,300 Depreciation $46,200 EBIT $ Interest expense $ Taxable income $ Taxes $ Net income $ Enter any number in the edit fields and then click Check Answer. ar to) ent. Use the data from the following financial statement in the popup window, . Complete the atement if the company paid interest expense of $17,200 for 2017 and had an overall tax rate of come statement below: (Round to the nearest dollar) Income Statement Year Ending 2017 nue $354,000 ods sold $136,000 ES $42,400 eneral, and administrative expenses $28,300 Data Table (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $354,000 Cost of goods sold $136,000 Fixed costs $42,400 Selling, general, and administrative expenses $28,300 Depreciation $46,200 Print Done