1. Prepare an income statement using the following data for Frying Nemo Fish and Chips Co. for the year ended December 31, 2018: Sales Cost of merchandise sold Operating expenses Losses from asset impairment Income tax expense Loss on discontinued operations (before taxes) Income from sale of discontinued segment (before taxes) Dividend Income from investments Interest on loan taken Common stock outstanding ($2 par) Authorized share capital ($2 par) $24,500,000 10,900,000 6,300,000 2,800,000 40% 500,000 200,000 125,000 60,000 400,000 1,000,000