2-4 Income statement 2001 2000 Sales 58344003,432,000 COGS 5728,0002,864,000 Other expenses 680.000340.000 Deprec 116960_18900 Tot op. costs 24960322 EBIT (690,560)209100 Interest exp. 76000 62500 EBT (866,560)146,600 Taxes(40%) (346,624)58640 Net income 519936 Copy right C 2002 by Harcourt, Inc. All rights reserved2 - 4 Copyright © 2002 by Harcourt, Inc. All rights reserved. (519,936) Income Statement Sales 5,834,400 3,432,000 COGS 5,728,000 2,864,000 Other expenses 680,000 340,000 Deprec. 116,960 18,900 Tot. op. costs 6,524,960 3,222,900 EBIT (690,560) 209,100 Interest exp. 176,000 62,500 EBT (866,560) 146,600 Taxes (40%) (346,624) 58,640 Net income 87,960 2001 2000