Coca-Cola's financial records for 2023:

• Sales Revenue: $210,000,000
• Cost of Goods Sold (COGS): $125,000,000
• Operating Expenses: $65,000,000
• Interest Expense: $2,200,000
• Tax Rate: 24%

Requirements:

1. Prepare an income statement for Coca-Cola for the year 2023.
2. Calculate the gross profit.
3. Determine the operating income.
4. Calculate the net income after taxes.
5. Analyze the profit margin ratio for Coca-Cola.