From the income statement give below you are required to prepare common income statement. sized 1986 1987 Particulars Rs. Rs. Sales 1,40,000 1,65,000 Less: Cost of Goods Sold 85,000 1,05,000 Gross Profit 55,000 60,000 Operating Expenses Selling and Distribution 12,000 16,000 Expenses Administrative Expenses 10,000 11,000 Total Operating Expenses 22,000 27,000 Net Income before Tax 33,000 33,000 Income Tax (40%) 13,000 13,200 Net Income 19,800 19,800