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Husain, Inc. 's income statement and other financial information for the current year is presented below. Hussain, Inc. Income Statement For the year ended December

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Husain, Inc. 's income statement and other financial information for the current year is presented below. Hussain, Inc. Income Statement For the year ended December 31 Sales revenue Cost of goods sold $249,131 82,360 Gross profit Selling, general & administrative expenses 166,771 15,885 Operating income Interest expense 150,886 5,547 Income before taxes Income tax expense 145,339 5,214 Net income $140,125 Balance sheet information: Current assets Noncurrent assets Current liabilities Long-term debt $259,000 518,000 68,000 136,000 Using the above information

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