VWX Corporation's financial details include:

• Sales: $900,000
• Gross Profit: $300,000
• Operating Expenses: $150,000
• Depreciation Expense: $20,000
• Interest Expense: $10,000
• Tax Rate: 25%

Requirements:

1. Prepare an income statement.
2. Calculate the operating income.
3. Calculate the net income.
4. Compute the EBITDA.
5. Assess the company’s profitability compared to an industry average net profit margin of 12%.