Problem 3.28 Income Statement The Centennial Chemical Corp. announced that for the period ending March 31, 2011, it had earned income after taxes worth $5,330,275 on revenues of $13,144,680. The company's costs (excluding depreciation and amortization) amounted to 61 percent of sales, and it had interest expenses of $392,168. What is the firm's depreciation and amortization expense if its tax rate is 34 percent? Hint: Using the template below, complete the Income Statement using the figures given above and enter formulas in the appropriate cells to compute the missing figures. Carmichael Hobby Shop Income Statement for the period ending March 31, 2009 Amount Revenues $13,144,680.00 Costs EBITDA Depreciation EBIT Interest $392,168.00 EBT Taxes (34%) Net Income