Basket wonders Income Statement Basket Wonders Statement of Earnings(in thousands) for Year Ending December 31, 19X3a Net sales s 2, 211 a. Measures profitability Cost of Goods Sold b1,599 over a time period. Gross Profit 612 b. Received, or receivable SG&A Expenses c-402 from customers. EBITd s 210c Sales comm, adv Interest Expense 59 officers salaries, etc EBT f s 151 d Operating income Income Taxes 60 e. Cost of borrowed funds EAT s 91 f. Taxable income Cash Dividends 38 ncrease in RE s- 53 g. Amount earned for 6-8 shareholders6-8 Basket Wonders’ Income Statement a. Measures profitability over a time period. b. Received, or receivable, from customers. c. Sales comm., adv., officer‘s salaries, etc. d. Operating income. e. Cost of borrowed funds. f. Taxable income. g. Amount earned for shareholders. Net Sales $ 2,211 Cost of Goods Sold b 1,599 Gross Profit $ 612 SG&A Expenses c 402 EBITd $ 210 Interest Expensee 59 EBT f $ 151 Income Taxes 60 EATg $ 91 Cash Dividends 38 Increase in RE $ 53 Basket Wonders Statement of Earnings (in thousands) for Year Ending December 31, 19X3a