Intro Emily Lim owns and runs an ice cream parlor in San Diego. Last year, she had sales of $470,000 and an average tax rate of 29%. She spent $47,000 on ingredients, $23,500 on utilities, and $84,600 to rent the premises. Emily has a few employees and paid them $94,000 in wages in total. She also paid herself a salary of $70,500 and spent $47,000 to pay for employee benefits. A few years ago, Emily borrowed money to buy the ice making equipment. Last year, she paid $23,500 in interest on that loan. Depreciation for the equipment was $14,100. Attempt 1/1 Part 1 What was operating income (EBIT) for the year? p+ decimals Save