Given the financial data of ABC Manufacturing Company for the fiscal year 2023 in the table below, calculate the Cost of Goods Sold (COGS), Gross Profit, Operating Income, and Net Income. Additionally, prepare an income statement for the company.

Item	Amount ($)
Revenue	500,000
Beginning Inventory	50,000
Purchases	200,000
Ending Inventory	70,000
Operating Expenses	100,000
Interest Expense	10,000
Taxes	25,000