Make sure you show the complete work for 3.13 Income statement for Yarrick Company. ONLY complete 3.13.

CHAPTER 3 Income Statement and Statement of Stockholders' Equity L39 3.12. Prepare a multiple-step income statement for Jackrabbit Inc. from the following single-step statement. Net sales $1,840,000 Gain on sale of equipment Interest income 15,000 13,000 1,868,000 Costs and expenses: Cost of goods sold t,072,000 270,000 Selling expenses General and admin. expenses 155,000 Depreciation Equity losses Interest expense 24,000 9,000 Income tax expense 96,000 16,000 Net income _$2?qpqq_ 3.13. Income statements for Yarrick Company for the years ending December 31,2073,2012, and 201L are shown below. Prepare a common-size income statement and analyze the profitability of the company. Yarrick Company Income Statements for the Years Ending December 3I, 20L3, 2012, and 2011. (in millions) 2013 2012 20tl Net sales Cost of goods sold $237 $1ss $134 138 84 72 Gross profit Sales, general, and administrative expenses $ss $zl 962 42 31. 39 38 JJ Research and development 54 $t ($ Operating profit Income tax expense (benefit) $ts 7 2 Net profit $rz $s 31) 1) (1 ($ 20) 3.14. LA Theatres Inc. has two distinct revenue sources, ticket and concession revenues. The following information from LATheatres Inc. income statements for the past three years is available: (in millions) 2013 201:2 20ll Ticket revenue Concessions revenue $1,731 $7,642 $1,120 792 687 4rl Total revenue Cost of goods sold-tickets $2,523 9s1 $2,329 8s4 70 69 Total cost of goods sold $1,021 $923 Gross profit $uqz $1106 Cost of goods sold-concessions $ $ $1,531 $ s4e $ $ s97 48 e34