For the base case in this question as a percentage of sales, COGS = 58%, SGA = 19%, R&D = 5.3%. Depreciation, Interest expense are fixed as stated. Tax Rate is 20%.

Sales Cost of goods sold Selling, general, and administrative expense Depreciation Research and development Colossal Chemical Corporation Year Ended December 31, 2021 ($000,000 omitted) Total costs and expenses Operating Income Interest expense Earnings before Income Taxes Provision for Income Taxes Net Income Base Case $2,110 $ 1,224 401 121 112 $1,858 $ 252 34 $218 $ 44 $174 $ Combined