Question

I keep getting this wrong can anyone help me?

Griffins Goat Farm, Inc., has sales of $663,000, costs of $325,000, depreciation expense of $69,000, interest expense of $44

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Answer #1
Particulars Amount Formula Claculation
Sales $ 6,63,000.00 Given
Cost $ 3,25,000.00 Given
Dep $    69,000.00 Given
Int $    44,500.00 Given
PBT $ 2,24,500.00 Sales - [ Cost + Dep+ Int ] 663000-325000-69000-44500
Tax $    47,145.00 PBT * Tax Rate 224500*21%
Net Income $ 1,77,355.00 PBT - Tax 224500-47145

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