Carr Auto Wholesalers had sales of $1,480,000 in 20XX, and cost of goods sold represented 76 percent of sales. Selling and administrative expenses were 13 percent of sales. Amortization expense was $14,000 and interest expense for the year was $10,000. The firm's tax rate is 30 percent. a. Compute earnings after taxes using percentage-of-sales method. (Input all answers as positive values. Round your intermediate calculations to the nearest whole dollars.) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) CARR AUTO WHOLESALERS Income Statement For the Year Ended December 31, 20XX (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) W $ $

Carr Auto Wholesalers had sales of $1,480,000 in 20XX, and cost of goods sold represented 76 percent of sales. Selling und administrative expenses were 13 percent of sales. Amortization expense was $14,000 and interest expense for the year was $10,000. The firm's tax rate is 30 percent. o. Compute earnings after taxes using percentage-of-sales method (Input all answers as positive values. Round your intermediate calculations to the neorest whole dollors.)