Finance School of management GPC Income Statement for Year ending 2XX 1 ales revenues 200.0 Cost of goods sold (110 Gross margin 90.0 Gen sell,& admin exp (30.0) Operating income 60.0 Interest expense (21.0) *taxable income 39.0 Income tax (156) Net income 23,4 Allocation to divs (10.0) chg retained earn 13.4 uesTc9 Finance School of Management GPC Income Statement for Year Ending 2xx1 Sales revenues 200.0 Cost of goods sold (110.0) *Gross margin 90.0 Gen sell, & admin exp (30.0) *Operating income 60.0 Interest expense (21.0) *Taxable income 39.0 Income tax (15.6) *Net income 23.4 Allocation to divs (10.0) *Chg retained earn 13.4