Income Statement. Sheryls Shingles had sales of $10,000 in 2000. The cost of goods sold was $6,500,

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Income Statement. Sheryl’s Shingles had sales of $10,000 in 2000. The cost of goods sold was $6,500, general and administrative expenses were $1,000, interest expenses were $500, and depreciation was $1,000. The firm’s tax rate is 35 percent.

a. What is earnings before interest and taxes?

b. What is net income?

c. What is cash flow from operations?

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