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Calculate the EBIT for Whistler Corp in 2014. Please show your work. Income Statement 2014 Sales $165,300 Cost of goods sold -46,200 Depreciation expenses -1,400

Calculate the EBIT for Whistler Corp in 2014. Please show your work.

Income Statement

2014

Sales

$165,300

Cost of goods sold

-46,200

Depreciation expenses

-1,400

Net interest expenses

-2,000

Other expenses

-5,600

Income before taxes

$110,100

Provision for income taxes

-40,900

Net income

$69,200

Dividends paid

22,000

Additions to retained earnings

$47,200

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