Q2 C. Mart) x & Co hnd les of $10,000 in 1997. The cost of goods sold was $6,500, general and administration expenses were $1,000, interent expenses were $500, and depreciation was 5% on the asset value of $20,000. The firm's tax rate is 35%. 1. What Is EBIT 2. What Is Net Income? 3. What is Cash flow from Operation