Navianca reported the following financial information for 2020 and 2021. All values are expressed in millions ($000,000).

	2021	2020
Depreciation	$120	$115
Accounts receivable	$425	$390
Long-term debt	$635	$720
Net property, plant, and equipment (PPE)	$1,230	$1,100
Selling, general and administrative expenses (SG&A)	$440	$435
Accounts payable	$290	$265
Cost of goods sold (COGS)	$2,230	$2,120
Common stock (paid in capital)	$550	$507
Inventory	$415	$420
Dividends	$240	$220
Notes payable	$70	$75
Cash	$190	$145
Sales	$3,900	$3,600
Preferred Stock	$53	$53
Accumulated retained earnings	$998	$560
Intangible assets	$636	$500
Interest expense	$83	$80
Accrued expenses	$300	$375

1. Build an income statement for Navianca that includes 1) earnings before interest and taxes (EBIT), 2) taxable income, and 3) net income. Note: you do not need to use the tax schedule to calculate taxes for this question (simply multiply taxable income by the tax rate).