Income Statement Items You have the following data (in millions): Sales = $51, Interest Expense = $7, Cost of Goods Sold = $20, Depreciation Expense = $1, Selling, General and Administrative Expenses = $3, Taxes = $5. The firm's EBIT is ________ million and Net Income is ________ million.

Multiple Choice

$47; $20

$27; $15

$28; $15

$31; $20