Question 15 1 pts INCOME STATEMENT 1/1/2016, Prepared by Kent Saunders $700.00 Tax Rate 30.00% $100.00 $300.00 $30.00 $270.00 Interest Rate on Notes Payable 7.00% Interest Rate on Long Term Bonds 7.00% Sales less Cost of Goods Sold less Other Expenses EBITDA less Depreciation and Amortization this year EBIT less Interest Expense EBT less Taxes Net Income before preferred dividends less Preferred Dividends Market Price of Stock $15.00 $245.50 Shares Outstanding Common Dividends Per Share 200 N $171.85 $10.00 $161.85 $100.00 less Common Dividends Addition to Retained Earnings Consider the income statement above, what is the value for taxes