Intro Emily Lim owns and runs an ice cream parlor in San Diego. Last year, she had sales of $550,000 and an average tax rate of 30%. She spent $55,000 on ingredients, $27,500 on utilities, and $99,000 to rent the premises. Emily has a few employees and paid them $110,000 in wages in total. She also paid herself a salary of $82,500 and spent $55,000 to pay for employee benefits. A few years ago, Emily borrowed money to buy the ice making equipment. Last year, she paid $27,500 in interest on that loan. Depreciation for the equipment was $16,500 Part 1 IB Attempt 1/6 for 10 pts. What was operating income (EBIT) for the year? 104500 B Attempt 1/6 for 10 pts. Part 2 What was net income for the year? D+ decimals Submit