The balance sheet and income statement for Oriole Supply Company for the fiscal year ended June 30, 2017 is as follows. Oriole Supply Company Income Statement for the Fiscal Year Ended June 30, 2017($ thousands) Net sales Cost of goods sold Selling and administrative expenses Nonrecurring expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Depreciation Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Taxes (35%) $2,149,900 1,459,400 312,100 27,300 $351,100 112,300 238,800 117,500 $121,300 42,455 $78,845 Net income The balance sheet and income statement for Oriole Supply Company for the fiscal year ended June 30, 2017 is as follows. Oriole Supply Company Income Statement for the Fiscal Year Ended June 30, 2017($ thousands) Net sales Cost of goods sold Selling and administrative expenses Nonrecurring expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Depreciation Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Taxes (35%) $2,149,900 1,459,400 312,100 27,300 $351,100 112,300 238,800 117,500 $121,300 42,455 $78,845 Net income The balance sheet and income statement for Oriole Supply Company for the fiscal year ended June 30, 2017 is as follows. Oriole Supply Company Income Statement for the Fiscal Year Ended June 30, 2017($ thousands) Net sales Cost of goods sold Selling and administrative expenses Nonrecurring expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Depreciation Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Taxes (35%) $2,149,900 1,459,400 312,100 27,300 $351,100 112,300 238,800 117,500 $121,300 42,455 $78,845 Net income The balance sheet and income statement for Oriole Supply Company for the fiscal year ended June 30, 2017 is as follows. Oriole Supply Company Income Statement for the Fiscal Year Ended June 30, 2017($ thousands) Net sales Cost of goods sold Selling and administrative expenses Nonrecurring expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Depreciation Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Taxes (35%) $2,149,900 1,459,400 312,100 27,300 $351,100 112,300 238,800 117,500 $121,300 42,455 $78,845 Net income