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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 $18,200 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 $344,000 Cost of goods sold $147,000 Fixed costs $43,300 Selling, general, and administrative expenses $28,000 Depreciation $46,700 EBIT Interest expense Taxable income $ Taxes $ Net income

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