Week 2 Lesson 1 Excel Assignment Instructions: Use the data provided and Excel formulas to create an income statement The income statement should include EBIT, EBT, and Net income Be sure to format cells containing dollar amounts as Currency 2017 Data Sales Operating costs $242,000 Depreciation expense $60,000 Interest expense Tax rate $586,000 Check figure: EBT $43,000 3596 Income statement