Last year, a company reported $15m of sales. Operating costs excluding depreciation were 70% of sales. Depreciation was reported as $1.5m. The company had $2m of bonds outstanding that carry a 5.0% interest rate, and its federal-plus-state income tax rate was 25%. This year's data are expected to remain unchanged except for operating costs, which is expected to decrease to 67% of sales and a change in the tax rate to 21%. By how much will the improved operational efficiency change the firm's net after-tax income? You are required to create a full income statement for the last year and the current year.