Intro Emily Lim owns and runs an ice cream parlor in San Diego. Last year, she had sales of $400,000 and an average tax rate of 31%. She spent $40,000 on ingredients, $20,000 on utilities, and $72,000 to rent the premises. Emily has a few employees and paid them $80,000 in wages in total. She also paid herself a salary of $60,000 and spent $40,000 to pay for employee benefits. A few years ago, Emily borrowed money to buy the ice making equipment. Last year, she paid $20,000 in interest on that loan. Depreciation for the equipment was $12,000. Part 1 BAttempt 3/6 for 5 pts. What was operating income (EBIT) for the year? 0+ decimals Previous answers: 88000; 56000 Submit Part 2 BAttempt 3/6 for 5 pts. What was net income for the year? 0+ decimals Submit