ABC Company has the following account balances for the year ended December 31, 20XX You will use the following information to create their Income Statement. Use the form at the bottom to create this statement. Salaries Expense 23,800 Rent Expense 18,000 Utilities Expense 9,600 Sales 130,000 Cost of Goods Sold 48,000 Repairs Expense 900 Miscellaneous Expense 700 Taxes ( = 35% of Earnings Before Taxes) D Focus O BI