FILL IN THE MISSING VALUES: (11 MARKS) GRASP Company Income Statement For the year ended December 31, 20xx Net Sales S 27,000,000 Cost of Goods Sold 18,600,000 Gross Profit from Sales 8,400,000 Operating Expenses: Depreciation Expense 1,000,000 General & Administrative Expenses Marketing Expenses 100,000 Rent Expense 300,000 Salaries Expense 800,000 Total Operating Expenses 2,500,000 Operating Income Other Income 250,000 Income before taxes Income Tax Expenses 3,050,000 Net Income