1. Use the following information to construct an income statement for Bob's Computer Company (BCC) for the one month period ending March 31, 2016. The income statement must be in proper form and use appropriate accounting terminology. You will not need all the information I give you. (11 points) In March BCC sold 15 computers at $3500 each BCC spent $9000 in March on raw materials to build computers for inventory The computers sold in March cost BCC $2000/each to build BCC collected $30,000 from its customers in March BCC had the following expenses for the month: Engineering $5000 Administration $1100 Selling expense $6000 Marketing $1800 Because BCC has $200,000 in debt it had interest expense of $1000 for the month BCC purchased a used delivery van for $15,000 during the month Income tax for the month was calculated at $2500 BCC ended the month with $60,000 in its checking account BCC paid off a $10,000 bank loan during the month