Companies generate income from their "regular" operations and from other sources like interest earned on the securities they hold, which is called non-operating income. Smithfield Pharmaceuticals recently reported $22,500 of sales, $17,250 of operating costs other than depreciation, and $1,000 of depreciation. The company had no amortization charges and no non-operating income. It had $10,000 of bonds outstanding that carry a 6.0% interest rate, and its federal-plus-state income tax rate was 40%. How much was Smithfield's operating income, or EBIT? O $4,038 O $4,250 $3,462 $5,240 $3,644