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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
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 $18,700 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 Sales revenue $356,000 Cost of goods sold $150,000 Fixed costs $43,100 Selling, general, and administrative expenses $28,900 Depreciation $45,300 EBIT Interest expense S -18,700 Taxable income $ Taxes $ Net income i Data Table (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 $150,000 Fixed costs $43,100 Selling, general, and administrative expenses $28,900 Depreciation $45,300 Print Done
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