Complete the following income statement of XYZ Corporation. Sales $1,500,000 Cost of Goods Sold ? Gross Profit (margin) 850,000 Operating Expenses 150,000 Operating Profit (margin) 700,000 Interest Expense 20,000 Net Income Before Taxes (NIBT) or Taxable Income ? Taxes @ 40% 272,000 Net Income (margin) ? The amount of Net Income is? 408,000 650,000 360,000 500,000