Hi all! I am struggling to figure out how to do this assignment, any help would be appreciated!

Income Statement for the Year Ended 31st December 2020 UWP Corporation \begin{tabular}{l|l} |Notes & 2020 \\ & USD \end{tabular} Gross profit Profit before tax Profit for the year Using the Assumptions provided below for the UWP Corporation, complete their Income Statement for the period ending December 31, 2020 Note; For this Financial Statement, you will need to (1). DETERMINE which Income Statement flems, from the list below, corresponds to which headings / s (2). Then, place the corresponding $5 amount(S) in the tally ficld (column D). HINT Amounts a Assumptions (frcome. Statment): (3). Create the Excel formula that calculates and tallies the totals in column D 1,000 Discontinued Item operations (4). All assumptions should be used 5,000 Freight / Transportation 5,0000 Utilities 12,0000 Tax Estimate 2,000 Non-recurring items 10,000 Proceeds from Training 55,000 Income (gross) 17,000 Rents - Annex Building 40,000 Manuscript sales 3,0000 Packaging Material 2,0000 Handling \& Storage 70,000 E-book online Sales 10.0000 Receptionist 1,000 Line of Credit (p-card) 65,000COGS 3,000 lnsurance Premium