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Show all calculations Use the following financial data to answer the questions below

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Show all calculations Use the following financial data to answer the questions below. Sales $295,000 COGS $129,800 Operating expenses $73,500 Interest expense $18,000 Tax rate 30% Sales increase predicted $348,000 DOL 1.25 DFL 1.15 1. Calculate the EBIT and net income for the period (4 pts) 2. Calculate the percentage change in EBIT expected for the next period (2 pts) 3. What percentage change in net income is predicted? (2 pts) 4. What $ amount of net income is predicted for the next period? (2 pts)