% of Net Sales Net sales $2,121,000 % Cost of goods sold 1,458,000 Selling and administrative expenses 312,800 Nonrecurring expenses 27,700 Earnings before interest, taxes, depreciation, and amortization $322,500 Depreciation 121,000 02 % Earnings before interest and taxes (EBIT) 201,500 1 ab Interest expense 118,400 Earnings before taxes (EBT) $83,100 Taxes (35%) 29,085 -16 -20 9.21 4.22 4.23 4.24 Net income $54,015 Click if you would like to Show Work for this question: Modify Show Work