IBM Corporation has provided the following information for the fiscal year ending December 31, 2023:

Account	Amount
Sales Revenue	$18,000,000
Cost of Goods Sold	$10,800,000
Selling Expenses	$2,700,000
Administrative Expenses	$1,800,000
Other Income	$500,000
Interest Expense	$400,000
Income Tax Expense	$900,000

Prepare an income statement for IBM Corporation and calculate the gross margin and net income for the fiscal year ending December 31, 2023.