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Income statement. Use the data from the following financial statement in the popup window, EEB. Complete the partial income statement if the company paid interest
Income statement. Use the data from the following financial statement in the popup window, EEB. Complete the partial income statement if the company paid interest expense of $19,000 for 2014 and had an overall tax rate of 40% for 2014. Complete the income statement below: (Round to the nearest dollar.) Income Statement Year Ending 2014 Sales revenue Cost of goods sold Fixed costs Selling, general, and administrative expenses Depreciation EBIT Interest expense Taxable income Taxes Net income $345,000 $43,100 $28,200 $45,300 88,400
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