Prepare a multi-step income statement for Facebook, Inc. for the year ended December 31, 2026, using the following information:

• Revenue: $40,000,000
• Cost of Goods Sold: $15,000,000
• Operating Expenses:
  • Selling Expenses: $5,000,000
  • Administrative Expenses: $8,000,000
• Other Income: $3,000,000
• Interest Expense: $1,000,000
• Tax Rate: 25%