Income statement. Use the data from the following financial statement in the table below:

Complete the partial income statement if the company paid interest expense of $18,600 for 2017 and had an overall tax rate of 40 % for 2017.

Partial Income Statement Year Ending 2017 $347,000 Sales revenue Cost of goods sold $149,000 $44,000 Fixed costs $27,400 Selling, general, and administrative expenses $46,400 Depreciation EBIT Interest expense Taxable income Taxes Net income