1. Create an Income Statement. Tally Corp has the following information for 2014: Sales - $235,000 Cost-$141,000 Other Expenses-$7,900 Depreciation Expense - $17,300 Interest Expense-$12,900 Taxes - $19,565 Dividends $12,300 2014 New Equity - $6,100 Net New Long-term Debt - $(4,500) Change in Fixed Assets - $25,000