During the year, ABC Company had sales of $3,100,000. Cost of goods sold, depreciation, and administrative expenses were $1,200,000, $530,000, and $440,000 respectively. In addition, the company had interest expense of $250,000 Income Range $0 $50,000 $50,001 - $75,000 $75,001 - $100,000 $100,001 $335,000 $335,001- $10,000,000 $10,000,001 $15,000,000 $15,000,001- $18,333,333 $18,333,334 Tax Rate 15.00% 25.00% 34.00% 39.00% 34.00% 35.00% 38.00% 35.00% Calculate taxable income (EBT):S(Round to nearest dollar) Calculate tax liability: Round to nearest dollar) Calculate average tax rate: % (Show percentage to two decimal places) Calculate net income: $1 1 (Round to nearest dollar)