Exercise No. (5): Complete the following income statement for the year 2020: Items 2020 2020 Sales X1 Less: Cost of Goods Sold X2 Gross Profit X3 Less: Operating expenses 40000 EBIT X5 Less: Interest Expense 9000 Earnings Before Taxes X6 Less Taxes Expense @ 30% X7 Net Income 56700 Additional information: % Net income %20 %20