6. value: 10.00 points < Question 6 (C The income statement and a schedule reconciling cash flows from operating activities to provided below ($ in millions) for Mike Roe Computers. MIKE ROE COMPUTERS Income Statement For the Year Ended December 31, 2016 Sales Cost of goods sold $148.80 (89.40) Gross margin 59.40 Salaries expense $ 18.80 Insurance expense 11.80 Depreciation expense 4.40 Interest expense 5.40 (40.40) Gains and losses: Gain on sale of equipment Loss on sale of land 10.80 (1.80) Income before tax Income tax expense Net income 28.00 (14.00) $ 14.00