Complete the income statement

Reference no: EM131794071

Question: Income statement. Use the data from the following financial statement in the popup window, LOADING . Complete the partial income statement if the company paid interest expense of $ 18 comma 100$18,100 for 2014 and had an overall tax rate of 40 %40% for 2014. Complete the income statement below: (Round to the nearest dollar.) Income Statement Year Ending 2014 Sales revenue $360,000 Cost of goods sold $150,000 Fixed costs $42,900 Selling, general, and administrative expenses $27,200 Depreciation $45,900 EBIT $ Interest expense $ 18100 Taxable income $ Taxes $ Net income $ Data Table Partial Income Statement Year Ending 2014

Sales revenue $360,000

Cost of goods sold $150,000

Fixed costs $42,900

Selling, general, and administrative expenses $27,200

Depreciation $45,900

Reference no: EM131794071

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