Prepare an income statement for Pfizer Pharmaceuticals Inc. for the year ended December 31, 2025, and calculate the income tax expense:

• Revenue: $30,000,000
• Cost of Goods Sold: $12,000,000
• Operating Expenses: $10,000,000
• Interest Expense: $1,000,000
• Tax Rate: 27%

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