Create an Income Statement:

Income Statement
	Dollars	Margin
Sales	$315,000
Cost of goods sold	(105,000)
Gross profit
Operating Expense
Selling, general, and administrative expenses	(32,000)
Depreciation expense	(29,500)
Total Operating Expense
Operating income
Interest expense	(9,000)
Earnings before taxes
Taxes	(21,000)
Net Income