YouSeeYourMatch has sales of $17,500, cost of goods sold of $4,000, selling expenses of $3,500, depreciation of $2,000, interest expense of $2,000, and a tax rate of 34%. What is YouSeeYourMatch's taxable income and tax expense? $6,000;$2,040$2,000;$1,320$4,000;$1,360$2,000;$680$ Question 9 ( 3 points) During the development stage in a new venture's life cycle, the income statement typically shows: "Cost of goods sold" is the cost of materials, labor, and advertising incurred to produce the products that were sold. no sales but expenses such as rent, utilities, and a subsistence salary for the entrepreneur. Startup financing (e.g., financing from business angels and venture capitalists) usually occurs during the development stage in a new venture's life cycle. net sales, earnings before interest, taxes, depreciation, and amortization