TOPIC 1, QUESTION 5: Use the financial information for T&T Inc. rate is 20%. a. what is the firm's net income? b. what is the firm's revenue? . what is the firm's EBIT? Cash Inventory Fixed Assets Accounts receivable Accounts payable Long-term debt Cost of Goods Sold Income taxes Administrative expenses Interest expense Depreciation listed below to create a balance sheet and income statement for the firm. The company's average tax 200,000 100,000 170,000 Income Statement {add account name} Gross profit {add account name) (add account name} EBIT {add account name} Taxable Income Taxes Met income | Balance Sheet Assets: Cash Inventory Fixed Assets Accounts Receivable Total Assets Liabilities: Accounts Payabie Long-term Debt Equity Total L+E 10,000 200,000 100,000 22,000 332,000 17,000 170,000 145,000 332,000