please you solve this correctly

Below is a list of accounts and balances for Sandals Inc. for the year ending November 30, 2020. All balances are in thousands of dollars. Sandals Inc. follows APSE. Assume a tax rate of 20%. Account Title Balance Accounts Payable $20,600 Accounts Receivable $24,000 Accumulated Depreciation $8,600 Advertising Expense $16,600 Cash $19,200 Common Shares $1,700 Cost of Goods Sold $40,200 Depreciation Expense-Office Equipment $3,300 Depreciation Expense-Retail Equipment $4,700 Equipment $50,700 Gain on Sale of Assets $2,200 Gain on Sale of Discontinued Operations $13,800 Income Tax Benefit $8,680 Interest Expense $5,900 Interest Payable $3,900 Loss from Operating Discontinued Operations $29,300 Merchandise Inventory $25,200 Notes Payable $47,000 Office Salaries Expense $10,200 Droferrer Shares 5oon Income Tax Benefit $8,680 Interest Expense $5,900 Interest Payable $3,900 Loss from Operating Discontinued Operations $29,300 Merchandise Inventory $25,200 Notes Payable $47,000 Office Salaries Expense $10,200 Preferred Shares $5,800 Prepaid Insurance $8,200 Rent Expense-Office $10,200 Rent Expense-Retail $19,700 Retained Earnings $43,020 Salaries Payable $9,300 Sales Discounts $11,700 Sales Salaries Expense $20,200 Sales Returns and Allowances $3,300 Sales Revenue Unearned Revenue $115,900 $22,100 Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. Use the negative sign for losses and rows marks with * Prepare an income statement by function for the year ended November 30, 2020. Prepare an income statement by function for the year ended November 30, 2020. Sandals Inc. Income Statement For the Year Ended November 30, 2020 Sales Revenue 115900 Less : Sales Returns and Allowances 3300 Less Sales Discounts 11700 Net Sales 100900 Cost of Goods Sold 40200 Gross Profit 60700 Operating Expenses Selling Expenses Depreciation Expense-Retail Equipment 4700 Advertising Expense 16600 Rent Expense-Retail 19700 Sales Salaries Expense 20200 Total Selling Expenses 61200 F THENIL Cxpense-nelan UTVU Sales Salaries Expense 20200 Total Selling Expenses 61200 Administrative Expenses Depreciation Expense-Office Equipment 3300 Rent Expense-Office 10200 Office Salaries Expense 10200 Total Administrative Expenses 23700 Total Operating Expenses 84900 *Income (Loss) from Operations 24200 Other Income and Expenses Gain on Sales of Assets 2200 Interest Expense 5900 "Income (Loss) from before Income Tax Benefit (Expense) 18300 Income Tax Benefit (Expense) 3660 "Income (Loss) from Continuing Operations 14460 Discontinued Operations *Interest Expense 5900 *Income (Loss) from before Income Tax Benefit (Expense) 18300 Income Tax Benefit (Expense) 3660 |*Income (Loss) from Continuing Operations 14460 Discontinued Operations Gain on Sales of Discontinued Operations (net of tax) 11040 *Loss from Operating Discontinued Operations (net of tax) 23440 *Net Income (Loss) 20540