.Use the information below to answer the following questions about the Savoy Corporation.

The Savoy Corporation Income Statement Accounts for the year ending December 31, 2014

Account

Balance

Cost of goods sold

$345,000

Interest expense

$79,000

Taxes

$57,100

Revenue

$836,000

Selling, general, and administrative expenses

$93,000

Depreciation

$126,000

a) What is the net income for the Savoy Corporation for 2014?

b) What is the cash flow for the Savoy Corporation for 2014?

Note: Cash Flow = Net Income + Depreciation

c). What is the EBIT for the Savoy Corporation for 2014?