For the year ended December 31, 2023, PQR Ltd. provides the following information:

Item	Amount ($)
Sales Revenue	300,000
Cost of Goods Sold	150,000
Operating Expenses	80,000
Interest Expense	10,000
Tax Rate	30%

Required:

• Prepare an income statement for PQR Ltd. for the year ended December 31, 2023.
• Calculate the net income after taxes.