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Income statement. Use the data from the following financial statement in the popup window, B. Complete the partial income statement if the company paid interest

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Income statement. Use the data from the following financial statement in the popup window, B. Complete the partial income statement if the company paid interest expense of $18,400 for 2017 and had an overall tax rate of 40% for 2017. Complete the income statement below: (Round to the nearest dollar.) Income Statement Year Ending 2017 i Data Table Sales revenue Cost of goods sold Fixed costs $356,000 $135,000 $43,500 $27,500 $45,400 Selling, general, and administrative expenses Depreciation (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $356,000 Cost of goods sold $135,000 Fixed costs $43,500 Selling, general, and administrative expenses $27,500 Depreciation $45,400 EBIT Interest expense Taxable income Taxes Net income Print Done

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