Income Statement, Cost of Services Provided, Service Attributes Mason, Durant, and Santos (MDS) is a tax services firm. The firm is located in Owahoma City and employs 15 protessionals and eight staff, The firm does. tax work for small businesses and well-to-do individuals. The following data are provided for the last fiscal vear. (The Mason, Durant, and Santos fiscal year runs from July 1 through June 30 .) 1. Prepare a statement of cost of services sold. 2. Refer to the statement prepared in Requirement 1. What is the dominant cont? Will this always be true of service organkzations? The situation above might be the case because: 3. Assuming that the average fee for processing a return is 5860 , prepare an income statement for Masen, Durant, and Santet. 4. Calculate the average cost of preparing a tax retum for last vear. When required, round your answer to the nearest dollar. per return How do the differences between services and tang ble products affect the abilty of Nos to use the last year's average cost of preparing a tax return budgeting the cost of tax return services to be offered next year