For the year ended December 31, 2023, DEF Ltd. provides the following information:

Item	Amount ($)
Sales Revenue	600,000
Cost of Goods Sold	300,000
Operating Expenses	200,000
Interest Expense	15,000
Tax Rate	20%

Required:

• Prepare an income statement for DEF Ltd. for the year ended December 31, 2023.
• Calculate the gross profit margin percentage.
• Determine the net income after taxes.