Calculate the following income statement items

Reference no: EM13259413

The following financial data corresponds to Callahan Corporation,s 2012 operations. cost of goods sold $2000,000 selling and administrative expense $40,000 depreciation expense 85,000 sales 444,000 Interest expense 40,000 Applicable income tax Rate 40% Calculate the following income statement items a) gross Profit b)operation income (EBIT) c)earning before Taxes (EBIT) d)income taxes e)net income

Reference no: EM13259413

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