2 The selling expenses of Domestic Company for 2020 ar 10% of sales General expenses, excluding bad debts, ar 25% of costs of goods sold but only 15% of nie. Bad debts are 25 of sales. The beginning merchandise Inventory was P120,000.00 and increased by 20% during the year. Income for the year before income tax of 32% P130,000. Prepare an income statement, including earnings per share data, giving supporting computations Domestic has 100.000 shares of common stock outstanding a) Prepare the balance sheet for the year ending December 31, 2020 Show supporting computations