Blue Ltd. had sales revenue of 658,800 in 2022. Other items recorded during the year were: Cost of goods sold Selling expenses Income tax Increase in value of employees Administrative expenses 402,600 146,400 30,500 18.300 12,200 Prepare an income statement for Blue for 2022. Blue has 100,000 shares outstanding. (Round earnings per share to 2 decimal places, eg. 1.48.) BLUE LTD Income Statement The following are changes in all account balances of Bonita Furniture during the current year, except for retained earnings. Cash Accounts Receivable (net) Inventory Investments Increase (Decrease) 81,420 53,100 149,860 (55,460) Accounts Payable Bonds Payable Share Capital - Ordinary Increase (Decrease) (60,180 96,760 162,840 Compute the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of 28,320 which was paid in the current year. Net income