Intel Corporation's Financial Data for 2023:

Income Statement Data:

• Revenue: $77,867,000
• Cost of Goods Sold: $37,482,000
• Research and Development: $15,000,000
• Sales and Marketing: $6,755,000
• General and Administrative: $4,365,000
• Interest Expense: $1,300,000
• Tax Rate: 22%

Requirements:

1. Create the Income Statement for Intel Corporation for 2023.
2. Calculate the Gross Profit.
3. Determine the Operating Income.
4. Compute the Net Income after taxes.
5. Analyze Intel's profit margin ratio.