Complete the Following Income Statement for the Dollar Amounts and the Component

Complete the following income statement for the dollar amounts and the component percentages: $\begin{array}{lrr}&\text { Dollar \$ }&\text {Component }\\&\text { Amount } &\text { Percentages \% }\\\hline\text { Sales revenue } & \\\text { Cost of goods sold } & & 40 \% \\\text { Gross profit } & \$ 120,000 & \\\text { Operating expenses } & \\\text { Interest expense } & & 2 \% \\\text { Income before income tax } & \\\text { Income tax expense (rate } 20 \%) & \\\text { Net income } & & 6 \%\end{array}$

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