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 Cost of goods sold Fixed costs Selling, general, and administrative expenses Depreciation EBIT Interest expense Taxable income Taxes Net income $ $ $ FA $ $343,000 $136,000 $42,500 $27,600 $46,800 4

overal tax rase of 40% for 2017