Current values (000)	2016	2017	2018	2019	2020	2021
Outstanding Debt	$4,500	$4,500	$4,500	$24,500	$24,500	$24,500
Interest on Debt	$306	$306	$306	$1,666	$1,666	$1,666
Income Statement (000)	2016	2017	2018	2019	2020	2021
Sales	$74,890	$82,344	$90,341	$99,056	$108,555	$118,916
Cost of Goods Sold	-58414	-64228	-70466	-77264	-84673	-92754
EBITDA
Depreciation
EBIT
Interest Expense
Pre-tax Income
Taxes
Net Income	?	?	?	?	?	?

This is the table when you open the icon that says:

Using this information and the data given here: above project net income through 2021.

Please explain in detail how to solve for each empty boxes. Please help me solve only for 2016 Income statement.

Thank you!

Under the assumption that KMS's market share will increase by 0.25% per year, you determine that the plant will require an expansion in 2018. The expansion will cost $20.0 million. Assume the following: the debt financing of the expansion will be delayed accordingly (end of 2018), KMS uses a ten-year bond, interest rates remain the same at 6.8%, and KMS's tax rate is 35%. KMS projects the following depreciation: 2016 $5,492 2017 $5,443 2018 $7,398 2019 $7,459 2020 $7,513 2021 $7,561 Depreciation (000) Using this information and the data given here , project net income through 2021. The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career. Complete the following to determine the net income for each year: (Round to the nearest integer.) Income Statement (000) 2016 Sales $ 74,890 Cost of Goods Sold (58,414) EBITDA $ Depreciation $ EBIT $ Interest Expense $ Pre-tax Income $ Taxes $ Net Income $