HP Inc.'s financial figures for the year 2023:

• Sales Revenue: $270,000,000
• Cost of Goods Sold (COGS): $160,000,000
• Operating Expenses: $85,000,000
• Interest Expense: $4,500,000
• Tax Rate: 24%

Requirements:

1. Prepare an income statement for HP Inc. for the year 2023.
2. Calculate the gross profit.
3. Calculate the operating income.
4. Calculate the net income after taxes.
5. Determine the profit margin ratio for HP Inc.