Emily Lim owns and runs an ice cream parlor in San Diego. Last year, she had sales of $440,000 and an average tax rate of 30%. She spent $44,000 on ingredients, $22,000 on utilities, and $79,200 to rent the premises. Emily has a few employees and paid them $88,000 in wages in total. She also paid herself a salary of $66,000 and spent $44,000 to pay for employee benefits. A few years ago, Emily borrowed money to buy the ice making equipment. Last year, she paid $22,000 in interest on that loan. Depreciation for the equipment was $13,200. What was operating income (EBIT) for the year? 0+ decimals Save What was net income for the year? 0+ decimals