Use the following information to complete the income statement for Company A for the year ending December $31,201$X

SHOW YOUR WORK Do Not enter anything in this column

Income Statement Information

Revenue $ $125,000,000$

Gross Margin $52\mathrm{.}0\%$

Selling General and Administrative $($SG&A$)23\mathrm{.}0\%$ of revenue

Research and Development $($R&D$)15\mathrm{.}0\%$ of revenue

Depreciation expense $($D&A$)$ $ $5,000,000$

Interest Expense $ $3,500,000$

Interest Income $ $2,950,000$

Tax Rate $21\%$

Securities Information

Weighted Average Shares $(12/31/1$X$)10,000,000$

A Warrants exercisable @ $$2\mathrm{.}402,500,000$

B Warrants exercisable @ $$3\mathrm{.}003,000,000$

Stock Price $(12/31/1$X$)$ $ $4\mathrm{.}00$

Complete the following Income Statement

Answers go in the yellow boxes Points

Revenue $ $125,000,000$ $ $125,000,000$

Cost of Goods Sold $1$

Gross Profit $1$

Operating Expenses

SG&A $1$

R&D $1$

D&A

Operating Expenses Total $1$

Operating Income $5$

Interest Expense, net $1$

Pre Tax Income $1$

Tax $1$

Net Income $2$

EPS Basic $5$

EPS Diluted $10$