evenue, WOULD GISU MILICOS by about percent OmniCS WOUG meros by about permILOTTO ISU Coats by io percen Other costs would increase by 20 percent. Using his spreadsheet skills, Jeff puts together the following estimated annual income statement assuming he offers both repair and training services. Required: a-1. Prepare an income statement. a-2. Based on the financial impact, should Jeff add training to his current repair business? b. Are there other factors he should consider? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req B Prepare an income statement. Palmetto Computer Shop Annual Income Statement Repair and Training Service Repair Service Only Sales revenue $ Costs Parts Labor Rent Utilities Insurance 516,000 104,060 186,000 101,000 42,380 6,900 Other costs 23,280 Total costs $ 463,620 $ 0 Operating profit (loss) $ 52,380