Prepare an income statement for Johnson Controls International plc for the year ended December 31, 2024, and calculate the income tax expense:

• Revenue: $28,000,000
• Cost of Goods Sold: $10,000,000
• Operating Expenses: $12,000,000
• Interest Expense: $800,000
• Tax Rate: 28%

Determine the net income after tax and discuss the tax implications.