From the following income statement accounts in the popup window

a.produce the income statement for the year.

b.produce the operating cash flow for the year.

a.produce the income statement for the year.

Income Statement Accounts for the Year Ending 2014

Account

Balance

Cost of goods sold

$1,419,000

Interest expense

$288,000

Taxes

$318,000

Revenue

$2,984,000

Selling, general, and administrative expenses

$454,000

Depreciation

$258,000

Complete the income statement below.(Round to the nearest dollar.)

Income Statement

Year Ending December 31, 2014

$

$

$

$

EBIT

$

$

Taxable income

$

$

Net income

$