must evaluate the Income Statement and determine the Net Income. 2. The income statement expenses in...

  

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must evaluate the Income Statement and determine the Net Income. 2. The income statement "expenses" in Box #2 Output, must match the numbers in box #1 input numbers. Correct the expenses. Sales 38,072 Cost of goods sold 27,168 Depreciation expense 6,759 Interest expense 3,050 Dividends paid 2,170 New debt issued 0 2020 Net fixed assets 22,790 2020 Current assets 8,025 2020 Current liabilities 4,511 2021 Net fixed assets 28,053 2021 Current assets 9,904 2021 Current liabilities 5,261 Tax rate 22% Box #2 Output area: a. Income Statement Sales 38,072 Costs 27,168 Depreciation expense 4,000 EBIT 6,904 Interest expense 4,000 EBT Taxes (22%) Net income 2,904 639 must evaluate the Income Statement and determine the Net Income. 2. The income statement "expenses" in Box #2 Output, must match the numbers in box #1 input numbers. Correct the expenses. Sales 38,072 Cost of goods sold 27,168 Depreciation expense 6,759 Interest expense 3,050 Dividends paid 2,170 New debt issued 0 2020 Net fixed assets 22,790 2020 Current assets 8,025 2020 Current liabilities 4,511 2021 Net fixed assets 28,053 2021 Current assets 9,904 2021 Current liabilities 5,261 Tax rate 22% Box #2 Output area: a. Income Statement Sales 38,072 Costs 27,168 Depreciation expense 4,000 EBIT 6,904 Interest expense 4,000 EBT Taxes (22%) Net income 2,904 639