4. Below are the balance sheet and income statement for the Hollywood& Vine Company. Please answer the following questions. You many use the below t-account template should you wish to use a t-account. Account Title Debits o00 Credits EB Hollywood &Vine Company Income Statement For the Year Ended December 31, 2017 Sales Cost of goods sold Gross profit Wages expense Depreciation expense Operating income Interest expense Loss on sale of equipment Gain on sale of short-term investments Pre-tax income Income tax expense Net income $520,000 (250,000 270,000 (60,000) (86,000) 124,000 (5,000) (2,000) 1.500 118,500 40,000) $78,500