Please help me prepare an income statement based on this information.

In 2001, Nintendo Canada was launching its new Game Boy Color hand-held gaming system with the following pricing and cost structure for hardware and software (cartridges). The manufacturer's suggested retail price (MSRP) on the hardware units would be $100 with a retail trade margin of 8% of the retail selling price and a wholesale trade margin of 5% of the wholesale selling price. Margins were tight on the hardware because software was where the money was made. Software cartridges would sell at retail for $43 with a retail margin of 20% and a wholesale margin of 40%. During the launch year, Nintendo planned to sell only direct to large retail accounts and therefore Nintendo would be receiving the wholesale price for both hardware and software. They forecast sales of 200,000 hardware units and 600,000 software cartridges in the first year. The total Canadian market for hand-held gaming systems next year was estimated to be 300,000 hardware units (up from 250,000 last year) and 800,000 cartridges (up from 700,000 last year). That compares with a market growth rate of just 5% for console systems. Their largest competitor, Sega Game Gear, had 15% of the market for hand-held gaming hardware and 15% of the software market as well. Nintendo's marketing budget for the launch year included $3 million for advertising, $1.3 million for consumer sales promotion (sampling, contests, and cross promotions), and $400,000 for trade promotion (point of sale materials). Ten percent of Nintendo Canada's $12 million fixed overhead would be allocated to the Game Boy division and that would include allowances for management salaries. g. Prepare an income statement with the following line items: Sales revenue (separate line items for hardware and software then added for total sales revenue), COGS (show hardware and software separately as well as total COGS), gross profit, fixed costs (include a line item for each separate fixed cost), and operating profit