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Required information (The following information applies to the questions displayed below.) The following selected accounts and account balances were taken from the records of Nowell Company. Except as otherwise indicated, all balances are as of December 31, Year 2, before the closing entries were recorded, Consulting revenue Canh Cash received from common stock tosued during Year 2 Travel expense Dividends Cash flow from investing activities Rent expense Payment to reduce debt principal Retained earnings, January 1, Year 2 Salary expense Cash flow from operating activities Common stock, December 31, Year 2 Other operating expenses $18,200 35,600 6,000 2,100 4,000 5,200 3,500 10,000 16,200 7,200 2,600 16,000 2,300 Required a. Prepare the income statement Nowell would include in its Year 2 annual report. Income Statement For the Year Ended December 31, Year 2 Expenses Total expenses