. Using the following information for an income statement for the year ending December 31, 2019, create an income statement and calculate the values below. [4 pts total] Advertising ($20,000) Cost of goods sold (COGS) ($600,000) Annual lease payment for office space ($80,000) Annual utilities expense ($40,000) Management salaries ($100,000) Interest expense ($20,000) Revenue $1,000,000 Taxes 25% of EBT (if EBT is positive)

a) gross profit: $______________ b) operating profit: $______________ c) taxes paid: $______________ d) net profit $______________