1. Arrange the following income statement items so they are in the proper order of an income statement: Taxes Operating profit Earnings before taxes Sales Cost of goods sold Gross profit Interest expense Earnings after taxes Depreciation expense Selling and administrative expense 2. Given the following information prepare in good form an income statement for Baller Apparel Co. Selling and administrative expense. Depreciation expense... Sales. Interest expense Cost of goods sold Taxes $ 60,000 70,000 470,000 40,000 140,000 45,000