Income Statement You have been given the following information for Moore's Honey Bee Corp.:

a. Net sales = $32,000,000.

b. Gross profit=$18,700,000.

c. Other operating expenses = $2,500,000.

d. Addition to retained earnings = $4,700,000.

e. Dividends paid to preferred and common stockholders = $2,900,000.

f. Depreciation expense = $2,800,000. The firm's tax rate is 35 percent. Calculate the cost of goods sold and the interest expense for Moore's Honey Bee Corp. (LG1)