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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

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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 $274,131 87,360 Gross profit Selling, general & administrative expenses 186,771 17,135 Operating income Interest expense 169,636 6,297 Income before taxes Income tax expense 163,339 5,714 Net income $157,625 Balance sheet information Current assets Noncurrent assets Current liabilities Long-term debt $261,500 523,000 73,000 146,000 Using the above information

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