Income Statement Calculations Exercise Based on the data given to the left, make the calculations required in the green cells Sales Revenue Cost of Goods Sold Sales, General and Administrative expenses Depreciation Expense Other operating expenses Miscellaneous Gains Miscellaneous Losses 625,800 355,750 125,960 23,800 8,400 1,255 800 Gross Profit: Total Operating Expenses: EBIT: Interest Expense Taxable income: Income Tax Expense Net Income Tround to nearest DOLLAR using Excel's =ROUNDO function Earnings Per Share (EPS): round to nearest CENT using Excel's =ROUND() function Average Debt for current year Interest rate on Debt: Average Tax rate 250,000 4.0% 22.0% Common Shares Authorized Common Shares Issued Common Shares Outstanding 100,000 80,000 76,000