ent Question 16 Prepare a 2020 income statement for Shanta Corporation based on the following information: Cost of goods sold Operating expenses Other expenses and losses Sales revenue Tax rate $490,000 100,000 30,000 700,000 30% SHANTA CORPORATION Income Statement For the Year Ended December 31, 2020 dy. > > > > Privacy Policy Sales revenue 700,000 30% Tax rate SHANTA CORPORATION Income Statement For the Year Ended December 31, 2020 >