newconnec University of Saint Mary (Kansas) eSpire Ho Homework Due, Chpt 3 6 Sav Problem 3-4 Income Statement (Lo1) A firm's income statement included the following data. The firm's average tax rate was 20%. Cost of goods sold Income taxes paid Administrative expenses Interest expense Depreciation ed $ 8,000 2,000 3,000 $ 1,000 s 1,000 a. What was the firm's net income? Net income b. What must have been the firm's revenues? nces c. What was EBIT? EBIT Prev 30f