Coca-Cola's financial data for the year 2023:

• Net Sales: $38,655,000
• Cost of Goods Sold: $17,945,000
• Operating Expenses: $12,675,000
• Interest Expense: $1,200,000
• Tax Rate: 28%

Requirements:

1. Create an Income Statement for Coca-Cola for the year 2023.
2. Calculate the Gross Profit.
3. Compute the Operating Income.
4. Determine the Net Income after taxes.
5. Analyze the profit margin ratio for Coca-Cola.