Cartwright's Data Set used for S14-6 through S14-10: Cartwright's, a home-improvement store chain, reported these summarized figures: Cartwright's Income Statement For the Year Ended December 31, 2017 2017 6 Sales revenues 7 Less: Cost of goods sold 8 Gross profit 9 Less: Operating expenses 10 Operating income 11 Less: Interest expense 12 Income before income taxes 13 Less: Income tax expense 14 Net income 15 34,988,900 21,766,030 13,222,870 5,088,250 8,134,620 217,800 1,925,750