EXERCISE 2: PREPARING THE STATEMENT OF INCOME At the end of December 31, 2012, Cougar Inc.'s accounts are as follows: Office salaries $30,000 Finance costs 3,000 Depreciation (administration) 2,000 Cost of sales 300,000 Income tax expense 35,000 Sales salaries 40,000 Interest income 6,000 Gross revenue 520,000 Advertising 10,000 Lease (administration) 3,000 Promotional expenses 2,000 Sales discounts 20,000 Travel expenses 3,000 Rental charges 5,000 Question Prepare Cougar's statement of income for the year ended December 31, 2012.