Microsoft's Financial Data for the Year 2023:

• Sales Revenue: $143,015,000
• Cost of Goods Sold (COGS): $82,355,000
• Operating Expenses: $38,220,000
• Interest Expense: $1,750,000
• Tax Rate: 25%

Requirements:

1. Prepare an Income Statement for Microsoft for the year 2023.
2. Calculate the Gross Profit.
3. Determine the Operating Income.
4. Calculate the Net Income after taxes.
5. Analyze the profit margin ratio for Microsoft.