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Prepare an income statement for Hansen Realty for the year ended December 31, 2017 Beginning inventory was $1,263. Ending Inventory was $1,615. Sales Sales returns and allowances Sales discount Purchases Purchase discounts Depreciation expense Salary expense Insurance expense Utilities expense Plumbing expense Rent expense $36,400 1,107 1,167 11,262 555 130 5.950 3,350 225 265 195 HANSEN REALTY Income Statement For Year Ended December 31, 2017 Gross profit from sales Operating expenses Total operating expenses