Procter & Gamble's Financial Data for 2023:

Financial Data:

• Sales Revenue: $76,118,000
• Cost of Goods Sold: $39,872,000
• Selling, General and Administrative: $15,218,000
• Research and Development: $4,500,000
• Interest Expense: $1,250,000
• Tax Rate: 20%

Requirements:

1. Prepare the Income Statement for Procter & Gamble for 2023.
2. Calculate the Gross Profit.
3. Determine the Operating Income.
4. Calculate the Net Income after taxes.
5. Evaluate the profit margin ratio for Procter & Gamble.