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Calculate EBIT, Interest Expense, Taxable Income, Taxes, and Net Income Income Statement Year Ending 2017 Sales revenue Cost of goods sold Fixed costs Selling, general,

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Calculate EBIT, Interest Expense, Taxable Income, Taxes, and Net Income

Income Statement Year Ending 2017 Sales revenue Cost of goods sold Fixed costs Selling, general, and administrative expenses Depreciation EBIT Interest expense $ Taxable income $ Taxes $ $351,000 $130,000 $44,000 $28,600 $45,900 $ $ $ Net income Income Statement Year Ending 2017 Sales revenue Cost of goods sold Fixed costs Selling, general, and administrative expenses Depreciation EBIT Interest expense $ Taxable income $ Taxes $ $351,000 $130,000 $44,000 $28,600 $45,900 $ $ $ Net income

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