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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 $234,131 79,360 Gross profit Selling, general & administrative expenses 154,771 15,135 Operating income Interest expense 139,636 5,097 Income before taxes Income tax expense 134,539 4,914 Net income $129,625 Balance sheet information: Current assets Noncurrent assets Current liabilities Long-term debt $257,500 515,000 65,000 130,000

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