Apple Inc.'s financial summary for the year 2023:

• Sales Revenue: $274,515,000
• Cost of Goods Sold: $161,782,000
• Operating Expenses: $56,221,000
• Interest Expense: $2,320,000
• Tax Rate: 26%

Requirements:

1. Draft the Income Statement for Apple Inc. for the year 2023.
2. Calculate the Gross Profit.
3. Determine the Operating Income.
4. Calculate the Net Income after taxes.
5. Analyze the profit margin ratio for Apple Inc.