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b. The following are the account balances for the revenues and expenses of the Windsor Gift Shop for the year ending December 31, 2019. Prepare

b. The following are the account balances for the revenues and expenses of the Windsor Gift Shop for the year ending December 31, 2019. Prepare the income statement for the shop. Rent 15,000.00 Salaries 23,500.00 Cost of Goods Sold 98,000.00 Utilities 8,000.00 Supplies 3,500.00 Sales 195,000.00 Advertising 3,600.00 Interest 3,000.00 Taxes 12,120.00

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