for the income statement can u highlight key aspects for investors and explain the income statement for investors

A A" BIU DAVA ... For The Year Ended Der, 2020 For The Year Ended Dec, 2021 For The Year Ended Dec 2012 Year 2020 2021 2022 Sales $2,000,000 $2,800.000 $3.400,000 COGS $400,000 $500,000 $600,000 Gross profit $1,600,900 $2,300,000 $2,800,000 Operating expenses Research and $1,455 $2,566 $3.000 development Advertising expense $4,345 $5,565 $7,000 Depreciation $3.034 $3.467 $4.033 expenses (office equipment) Depreciation expense $10,045 $10.566 $10.677 (building) Rent expense $10.464 $10,464 $10.464 Equipment lease 0 0 Utilities expense $5.000 $5,564 $6.556 Insurance 1,900 1,900 1,900 Maintenance 1,444 1,500 1,655 Professional fees 2,700 2,700 2.700 Delivery 0 0 0 Travel 500 600 700 Supplies expense $2.345 $4,027 $4,685 Wages and salaries $75,000 $75.000 $75,000 Total operating $118.232 $121,353 $128.370 expenses Operating profit $1,481,768 $2,178,647 $2,671,630 (Earnings before interest and tax) O n W DELLMark Calc * G Mark Cale X G Mark Calc * | Accountin * [ Welcome X last arepoint.com/w/g/personal01357345_humbermail_ca/EThidGVpDZhMt7KTpmarEYoB4NPnaq5-81G P Search ferences Review View Help Table Editing A B I U DY Av A ... Depreciation expense | $10.045 $10,566 $10.677 (building] Rent expense $10.464 $10.464 $10.464 Equipment lease 0 0 0 Utilities expense $5,000 55.564 $6.556 Insurance 1.900 1.900 1.900 Maintenance 1,444 1.500 1,655 Professional fees 2,700 2.700 2,700 Delivery 0 - 0 0 Travel 500 600 700 Supplies expense $2.345 $4.027 $4.685 Wages and salaries $75.000 $75,000 $75,000 Total operating $118.232 $121,353 $128.370 expenses Operating profit $1,481.768 $2,178.647 $2.671,630 (Earnings before interest and tax) Interest $20,000 $14,000 $8,000 Earnings before $1,461,768 $2,164.647 $2,663.630 taxes Taxes 13% $190.029.84 $281,404.11 $346,271.9 NET PROFIT $1,291,738.16 $1,883,242.89 $2,317,358.1Digital and Beyond Digital and Beyond Digital and Erread Income shimmi For The Your Ended Dic, 2014 For The Year Ended Des. 1021 For The Year Ended Dec 1912 2020 2031 1012 Sales 42 000.000 52,800,000 $3,400,000 COGS $400 000 $500,000 3600.000 Gross profit $1,600,000 $2 100 090 $2.200,000 Operating Remarch and $2.560 $3,000 development Advertising 54.345 35.565 $7,000 Depreciation 53,034 $3.467 $4,093 Depreciation $10 049 $10 366 $10,577 510 464 $10484 Equipment Have 15/000 1 900 1.900 1.444 1.10 1.855 Professional foes 2,700 1,700 2,700 Delivery 600 Supplies capan $2 345 $4 027 $75.000 375 010 $75,000 Total operating $118 132 5121,353 $128 370 Operating profit $1,481 748 57 173,647 $2,671,630 Earnings before interest and tax) 320,010 314,010 19,000 Earnings before 41,461,758 32,164,547 12,863,830 $190 019-14 $141,404.11 $345 271.9 NET PROFIT $1,291, 735.16 $3,317 385.1