Revenues $$5,000,000$

COGS $$2,000,000$

Gross Profits

$$3,000,000$

Depreciation $$500,000$

EBIT $$2,500,000$

Interest $$500,000$

EBT $$2,000,000$

Taxes $$500,000$

Net Income $$1,500,000$

$$

 

Refer to the income statement above. If we convert the income statement to a common size income statement, what should be entered for net income?