Complete the income statement below. Assume a 25% tax rate. (List multiple entries from largest to smallest amounts, e.g. 10, 5, 1.) YATES COMPANY Income Statement For the Month Ended January 31, 2010 Sales revenues Sales $ 373860 Less: Sales returns and allowances $ 17204 Sales Discounts 9144 26348 Net Sales $ 347512 Cost of goods sold 214880 Gross Profit 132632 Operating expenses Salary Expense 62216 Rent Expense 33444 Insurance Expense 14084 Freight-out 8713 Total Operating Expenses 118457 Income before income taxes 14175 Income tax expense Net Income $