Please provide Excel, One organized forn. 1. Listed below are the three expense recognition principles followed by a series of expense items. a association of cause and effect b. systematic and rational allocation c. immediate recognition 1. Amortization 2. Sales commissions 3. Cost of goods sold 4. Administrative salaries 5. Allocation of prepaid insurance 6. Utilities 7. Product warranty costs 8. Depreciation 9. Transportation-out 10. Travel and entertainment 2. The following income statement information for 2014 and 2015 was obtained from the accounting rere cords of Upperco. Company. Fill in the blanks. Sales Beginning Inventory Purchases (net) Ending Inventory Cost of Goods Sold Gross Profit Operating Expenses Income before income taxes Income tax expense (30%) Net Income (loss) 2014 $ 200,000 $ (a) $ 40,000 $ $ 25,000 $ (b) $ $ 65,000 2015 150,000 () 40,000 5,000 60,000 (h) 0 40,000 $ $ $ 14,100 32,900 00