Cute Camel Woodcraft Company

Income Statement for Year Ending December $31$

$\backslash$table$[[,$Year $1,$Year $2($Forecasted$)],[$Net sales,$$15,000,000,],[$Less: Operating costs, except depreciation and amortization,$10,500,000,],[$Less: Depreciation and amortization expenses,$600,000,600,000],[$Operating income $($or EBIT$),$$$3,900,000,],[$Less: Interest expense,$390,000,],[$Pre$-$tax income $($or EBT$),$$$3,510,000,],[$Less: Taxes $(40\%),1,404,000,],[$Earnings after taxes,$$2,106,000,$$