A B I U or AvAO ... THI VEY Sy Question 3 (30 points) Presented below is information for New generation Company for the month of October 2020. Cost of goods sold Freight-out Insurance expense Salaries and wages expense 484,000 14,000 34,000 126,000 Rent expense 60,000 Sales discounts 16,000 Sales returns and allowances 26,000 Sales revenue 820,000 Instructions: Prepare an income statement for the Month ended October 2020. Income statement (30 points) Income statement (30 points) ... : E O Dictate Footer edictions. On