The spreadsheet below shows the net income model for a company that sells shoes, B 1 Net Income Model 2 3 Data 4 5 Sales $10,000,000 6 Cost of Goods Sold $6,400,000 7 Administrative Expenses $500,000 8 Selling Expenses $900,000 9 Depreciation Expenses $750,000 10 Interest Expenses $70,000 11 Taxes $620,000 12 13 Model 14 15 Gross Profit $3,600,000 16 Operating Expenses $2,150,000 17 Net Operating Income $1,450,000 18 Earnings Before Taxes $1,380,000 19 20 Net Income Which of the following formulas would be used to calculate earnings before taxes? =B15-B16 =B17-B10 =B15-B16+B6 =B15-B5