Lead! Inc. offers executive coaching services to small business owners. Lead!'s operating profits average 24 percent of revenues and its marketing and administrative costs average 25 percent of the cost of services sold. Required: Lead! Inc. expects revenues to be $219,000 for April. Prepare an income statement for April for Lead! Inc. assuming its expectations are met LEAD!, INC. Income Statement For the Month Ended April 30 Sales revenue Marketing and administrative costs Gross margin Cost of services sold Operating profit $ 50,400