Account Balance

Cost of goods sold $345,000

Interest expense $84,000

Taxes $54,800

Revenue $743,000

Selling, general, and administrative expenses $66,000

Depreciation $111,000

a.produce the income statement for the year.

Complete the income statement below.(Round to the nearest dollar.)

Income Statement
Year Ending December 31, 2014
	$
	$
	$
	$
EBIT	$
	$
Taxable income	$
	$
Net income	$

b.produce the operating cash flow for the year.

The operating cash flow for the year is

$nothing.

(Round to the nearest dollar.)