Budgeted Income Statement Data Table \begin{tabular}{lr} \hline Interest revenue for the year & $2,000 \\ Interest expense for the year & $1,500 \\ LearnCo's income tax rate & 40% \end{tabular} Learnco Budgeted Income Statement For the Year Ending December 31, 20 Y2 Revenue from sales Cost of goods sold Gross profit Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Operating income Other revenue and expense: Interest revenue Interest expense Income before income tax Income tax Net income Check My Work