What effect will an increase in income of $2,000,000 have on a company? what are the effects on the balance and income statement. Show Work. (see income statement ) ((for some reason the income statement is not saving)) The information is as follow: Revenue 4,501,223 / Total Operating Expenses 3,737,634 / Income before Taxes 769,867 / Provision for Income Taxes 294,265 / Net Income 475,602 (Income Tax Rate 38.2%)