Income statement (LO1) Given the following information, prepare in good form an income statement for Jonas Brothers Cough Drops. Determination of profitability (LO1) Prepare in good form an income statement for Virginia Slim Wear. Take your calculations all the way to computing earnings per share. Income statement (LO1) Precision Systems had sales of $820,000, cost of goods of $510.000, selling and administrative expense of $60,000. and operating profit of $103,000. What was the value of depreciation expense? Set this problem up as a partial income statement, and determine depreciation expense as the plug figure