Problem 2-22 Income Statement (LG2-1) You have been given the following information for Moore's HoneyBee Corp.: a. Net sales = $48,000,000. b. Gross profit = $19,800,000. C. Other operating expenses = $3,800,000. d. Addition to retained earnings = $5,800,000. e. Dividends paid to preferred and common stockholders = $2,200,000. f. Depreciation expense = $2,040,000. The firm's tax rate is 36 percent. Calculate the cost of goods sold and the interest expense for Moore's HoneyBee Corp. $ 28,200,000 Cost of goods sold Interest expense