Netflix's financial overview for the year 2023:

• Revenue: $25,890,000
• Cost of Revenue: $14,290,000
• Operating Expenses: $8,420,000
• Interest Expense: $950,000
• Tax Rate: 27%

Requirements:

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