Intro Emily Lim owns and runs an ice cream parlor in San Diego. Last year, she had sales of $460,000 and an average tax rate of 26%. She spent $46,000 on ingredients, $23,000 on utilities, and $82,800 to rent the premises. Emily has a few employees and paid them $92,000 in wages in total. She also paid herself a salary of $69,000 and spent $46,000 to pay for employee benefits. A few years ago, Emily borrowed money to buy the ice making equipment. Last year, she paid $23,000 in interest on that loan. Depreciation for the equipment was $13,800. Part 1 18 Attempt 1/10 for 10 pts. What was operating income (EBIT) for the year? b+ decimals Submit Problem 10 Intro Miller Microbrewery recently had $27,500 in sales, $14,800 of operating costs other than depreciation, and $2,100 of depreciation. The company had $6,000 of bonds outstanding with a 8% interest rate, and its federal-plus-state income tax rate was 40%. Part 1 - Attempt 1/10 for 10 pts. How much was the firm's earnings before taxes (EBT)? 0+ decimals Submit Show all parts