$3-2$ INCOME STATEMENT Byron Books Inc. recently reported $$13$ million of net income. Its EBIT was $$20\mathrm{.}8$ million, and its tax rate was $35\%.$ What was its interest expense? $($Hint: Write out the headings for an income statement, and fill in the known values. Then divide $$13$ million of net income by $(1-T)=0\mathrm{.}65$ to find the pretax income. The difference between EBIT and taxable income must be interest expense. Use this same procedure to complete similar problems.$)$