Page 1: 1 2 3 4 5 6 Question 16 (2 points) Referring to the income statement, calculate (using the average rate 30%) taxes due. Revenues $500 Expenses (COGS, SGA] 275 Depreciation 100 EBIT Interest 25 EBT Taxes 30% Net Income 7 8 9 10 11 12 1) $100 13 14 15 2) $25 16 17 18 3) None of the These 19 20 A) $30 5) $70