Financial information for BDS Enterprises for the year-ended December 31, 20xx, was gathered from an accounting intern, who has asked for your guidance on how to prepare an income statement format that will be distributed to management. Subtotals and totals are included in the information, but you will need to calculate the values. Pretax income Gross profit Allocated costs (uncontrollable) Labor expense ? ? $2,030 41,570 Sales 189,000 Research and development (uncontrollable) 320 Depreciation expense 17,000 Net income/(loss) ? Cost of goods sold 119,070 Selling expense 1,240 Total expenses ? Marketing costs (uncontrollable) 780 Administrative expense 690 Income tax expense (21% of pretax income) ? Other expenses 310 A. Prepare the income statement using the above information. Round your answers to the nearest dollar. BDS Enterprises Income Statement For the Year Ended Dec. 31, 20xx Sales Cost of Goods Sold Gross Profit Labor Expense Depreciation Expense Selling Expense Administrative Expense Other Expenses Allocated Costs (Uncontrollable) Research and Development (Uncontrollable) Marketing Costs (Uncontrollable) Total Expenses Pretax Income Income Tax Expense (21% of Pretax Income) Net Income Feedback Check My Work A. Review the structure of the income statement. Revenues are shown first, then expenses. B. Calculate the profit margin, return on investment, and residual income. Assume an investment base of $100,000 and 6% cost of capital. Round your percentage answers to one decimal place. Profit margin Return on investment % % Residual income