can someone explain the steps

Sawdust City is a custom wood sign design company that sells their signs directly to the customer. During 2022 , Sawdust City reported the following: Total revenue from sales: $127,000 Total operating expenses: $25,000 They determined Cost of Goods Sold to be 25% of their gross revenue. Using the Income Statement format, calculate Sawdust City's net income for 2022. Cost of Goods Sold