solve for cost of goods sold and interest expense

You have been given the following information for Moore's HoneyBee Corp.: a. Net sales = $45,000,000 b. Gross profit = $19,500,000 c. Other operating expenses = $3,500,000. d. Addition to retained earnings = $5,500,000. e. Dividends paid to preferred and common stockholders = $2,200,000. f. Depreciation expense = $2,010,000. ces The firm's tax rate is 36 percent Calculate the cost of goods sold and the interest expense for Moore's HoneyBee Corp. 26 Cost of goods sold Interest expense $