Income statement Molteni Motors Inc. recently reported $5.25 million of net income. Its EBIT was $8 million, and its tax rate was 30%. What was its interest expense? (Hint: Write out the headings for an income statement and then fill in the known values. Then divide $5.25 million net income by 1T=0.7 to find the pre-tax income. The difference between EBIT and caxable income must be the interest expense.) Enter your answer in dollars. For example, an answer of $1.2 million chould be entered as 1,200,000. Round your answer to the nearest dollar