3-4 Income statement 2002E 2001 Sales 7,035,603,834,400 COGS 6,100,0005,728,000 Other expenses 312960680,000 Depreciation 120,000116960 Tot op costs6,532,9606,524,960 EBIT 502,640(690,560) Interest exp. 80.000176000 EBT 422,640(866,560 Taxes(40%) 169,056(〈346,624) Net income 253,584(519,936) Copy right C 2002 Harcourt, Inc All rights reserved3 - 4 Copyright © 2002 Harcourt, Inc. All rights reserved. Income Statement 2002E 2001 Sales 7,035,600 5,834,400 COGS 6,100,000 5,728,000 Other expenses 312,960 680,000 Depreciation 120,000 116,960 Tot. op. costs 6,532,960 6,524,960 EBIT 502,640 (690,560) Interest exp. 80,000 176,000 EBT 422,640 (866,560) Taxes (40%) 169,056 (346,624) Net income 253,584 (519,936)