Question: Income statement. Use the data from the following financial statement in the popup window, B. Complete the partial income statement if the company paid interest

Income statement. Use the data from the following financial statement in the popup window, B. Complete the partial income statement if the company paid interest expense of $18,700 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 $356,000 Data Table Cost of goods sold $147,000 Fixed costs $42,200 $28,700 Selling, general, and administrative expenses Depreciation (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 $46,200 EBIT Sales revenue $356,000 Interest expense $ $147,000 Taxable income $42,200 Cost of goods sold Fixed costs Selling, general, and administrative expenses Depreciation Taxes $ $28,700 Net income $46,200 Print Done
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