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4. Use the following income statement for Mattel Inc. (S thousands) to compute the following: a. Tax shield b. Taxes on operating profit The company's

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4. Use the following income statement for Mattel Inc. (S thousands) to compute the following: a. Tax shield b. Taxes on operating profit The company's statutory tax rate is 37%. Mattel Inc. and Subsidiaries Consolidated Statement of Income For the year ended December 31, 2018 (in thousands) Net sales Cost of sales Gross profit Advertising and promotion expenses Other selling and administrative expenses Operating income Interest expense Interest (income) Other nonoperating (income), net Income before income taxes Provision for income taxes Net income $5,456,650 2,902,259 2,554,391 634,947 1.400.211 519,233 95,118 (9.144) 23,517 409,742 91,720 S318,022

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