Income statement and balance sheet data for Great Adventures, Inc., are provided below GREAT ADVENTURES, INC. Income Statement For the Year Ended December 31, 2020 Revenues: $527000 Service revenue (clinic, racing, TEAM) Sales revenue (MU watches) 102,000 $629,000 Total revenues Expenses 62,000 Cost of goods sold (MU watches) 303,476 Operating expenses Depreciation expense 42,000 Interest expense 28,924 52,200 Income tax expense Total expenses 488,600 $140,400 Net income