3-3: The Income Statement Income Statement Little Books Inc. recently reported $6 million of net income. Its EBIT was $14.4 million, and its tax rate was 40%, what was its interest expense? [Hint: write out the headings for an income statement and then fill in the known values. Then divide $6 million net income by (1 - T)0.6 to find the pretax income. The difference between EBIT and taxable income must be the interest expense. Use this same procedure to complete similar Problems.] Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary