Question:

Company X$\text{'}$s Income Statement for the year ended December $31,2023,$ shows the following figures:

Revenue: $$500,000$

Cost of Goods Sold $($COGS$)$: $$300,000$

Operating Expenses: $$100,000$

Interest Expense: $$10,000$

Income Tax Expense: $$15,000$

Calculate the following:

Gross Profit

Operating Income

Net Income