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

Income statement.Use the data from the following financial statement in the popup window, Complete the partial income statement if the company paid interest expense of $17,700 for 2014 and had an overall tax rate of 40% for 2014.

Income Statement Year Ending 2014

Sales revenue

$357,000

Cost of goods sold

$132,000

Fixed costs

$43,000

Selling, general, and administrative expenses

$27,100

Depreciation

$45,600

EBIT

$

???

Interest expense

$

???

Taxable income

$

???

Taxes

$

???

Net income

$

???

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