Company DEF has the following items: Cost of Goods Sold = $30,000 Tax Expense = $7,000 Revenues = $100,000 Interest Expense = $12,000 General and Administrative Expenses = $25,000 Calculate Income before Taxes: (DO NOT include dollar signs or commas)Company DEF has the following items: Cost of Goods Sold = $30,000 Tax Expense = $7,000 Revenues = $100,000 Interest Expense = $12,000 General and Administrative Expenses = $25,000 Calculate Net Income: (DO NOT include dollar signs or commas)