Complete the Following Income Statement (Both Dollar Amounts and Component

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

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