Prepare an income statement for Pfizer Inc. for the year ended December 31, 2024, and calculate the income tax expense:

• Revenue: $25,000,000
• Cost of Goods Sold: $10,000,000
• Operating Expenses: $8,000,000
• Interest Expense: $1,000,000
• Tax Rate: 30%

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