During the year, net sales were $155,000gross profit was $65,000; net income was $27,500; Income tax expense was $6,500; and selling general , and administrative expenses were $29,500. Required: Calculate cost of goods sold, Income from operations, Income before taxes, and interest expense. $ 155.000 $ Income Statement Net sales Cost of goods sold Gross profit Selling general, and administrative expenses Income from operations Interest expense Income before taxes Income tax expense Net income 65,000 29.500 0.500 27,500 $