Problem 3-4 Income Statement (LO1) A firm's income statement included the following data. The firm's average tax rate was 25%. Cost of goods sold $ 8,300 Income taxes paid $ 2,300 Administrative expenses $ 3,300 Interest expense $ 1,300 Depreciation $ 1,300 a. What was the firm's net income? b. What must have been the firm's revenues? c. What was EBIT? a. Net income b. Revenues c. EBIT