You have been asked to calculate the economic value added for the firm last year. All relevant income statement figures are provided below.

$\backslash$table$[[$Item$,760,000],[$Sales$,115,000],[$Depreciation$,25,000],[$Interest Expense,$45,000],[$Capital Expenditures,$340,000],[$Cost of Goods Sold,$215,000],[$Selling$,$ General and Administrative Expenses,$30\%$