Prepare a multi$-$step income statement for the zodiac Company for the year ending March $31,2019$ given the information below:

Advertising expenditures $18,000$

Beginning inventory $200,000$

Depreciation $80,000$

Ending inventory $48,000$

Gross Sales $2,820,000$

Interest expense $44,000$

Lease payments $50,000$

Management salaries $150,000$

Materials purchases $1,852,000$

R&D expenditures $45,000$

Repairs and maintenance costs $20,000$

Sales Returns $58,000$

Taxes $50,000$