Apple Inc. Trial Balance as of December 31, 2023:

Account	Amount
Sales Revenue	$90,000,000
Cost of Goods Sold	$45,000,000
Operating Expenses	$20,000,000
Interest Income	$1,200,000
Interest Expense	$2,000,000
Income Tax Expense	$5,000,000

Requirements:

1. Prepare an adjusted trial balance.
2. Draft an Income Statement for the year ending December 31, 2023.
3. Compute the Earnings Before Interest and Taxes (EBIT).
4. Calculate the Net Income.
5. Evaluate Apple’s financial performance based on the Income Statement.