Use the following Statement of income for Southwest Airlines (LUV) to answer the below question. Southwest Airlsce Cated Statement on mili. perdre Year ended December 31 2017 5 $ OPERATING REVENUES Paige Freight Other Total operating rever 1,776 172 LAND 2438 20,455 175 1.5 19.763 173 1210 21.965 21 16 47 123 OPERATING EXPENSES and then Full M pain Landing fees and improntals Deprecand am Othering Total penting 7549 4616 1.107 1314 1.200 2:52 15.79 4076 100 1,292 1.21 22847 17,739 1219 3026 19471 OPERATING INCOME 2957 3.00 3,407 OTHER EXPENSES (INCOME Interest espere Capitalized interest Interest income Othere, Total other expenses (income) 131 08 169 15 114 449 (35) 112 190) 42 142 3,164 INCOME BEFORE INCOME TAXES PROVISION (BENETT) POR INCOME TAXES NET INCOME NET INCOME PER SHARE, BASIC NET INCOME PER SHARE, DILUTED 2957 651 - 2100 5 265 (92) 3357 2.1 5 40 SEN 4.27 S 95 3:57 What is LUV's effective income tax rate for 20192 O 22.2% 24.19 O 21.0% O 2.9% Use the following Statement of Income for Southwest Airlines (LUV) to answer the below question. Southwest Airlines Co. Consolidated Statement of Income in millions, except per share act) Year ended December 31, 2011 2019 5 5 OPERATING REVENUES: Penger Freight Other Total operating revenues 20776 5 172 20.455 175 1.335 21.965 19,763 173 1210 22423 21.146 7.69 IN 411 OPERATING EXPENSES: Salaries, wages, and benefits Pacland oil Maintenance materials and repair Landing fees and airport rentals Depreciatimentation Other penting experts Tocal operating expenses 7.100 4,076 1.00 1.292 4.616 1,109 1.314 1201 23:52 1.863 1219 3.006 2847 19.471 18.750 17.739 OPERATING INCOME 2950 3200 3,407 131 114 115 036) OTHER EXPENSES CINCOME Interest Expre Capitaluri Interest income Other infomes, et Total other expenses (income) 169 35) 113 142 2957 1.164 INCOME BEFORE INCOME TAXES PROVISION (BENEFIT) FOR INCOME TAXES NET INCOME NET INCOME PER SHARE, BASIC NET INCOME PER SHARE, DILUTED 200 5 2,465 5 3157 00 335 557 420 5 What is LUV'S EBIT for 2019? O $3,075 million O $2,389 million $ 2949 million 52.957 million