Based on the following data find the time interest earned. EXAMPLE CORPORATION INCOME STATEMENT FOR YEAR ENDED DECEMBER 31, 2020 Revenue Cost of Goods Sold Gross Profit Operating Expenses Marketing Expenses Rent Utilities Insurance General & Admin Depreciation Total Operating Expenses Operating Income Interest Expense Income Before Income Taxes Income Tax Expense Net Income $800,000 340,000 460,000 50,000 30,000 10,000 12,000 28,000 43,000 173,000 194,000 42,000 152,000 53,200 98,800