home / study / business / accounting / questions and answers / Prepare A Corporate Income Statement. The Following ... Question: Prepare a corporate income statement. The followin... Bookmark Prepare a corporate income statement. The following information is available for Reinsch Corporation for the year ended December 31, 2017: cost of goods sold $205,000, sales revenue $350,000, other revenues and gains $50,000, and operating expenses $75,000. Assuming a corporate tax rate of 30%, prepare an income statement for the company