Prepare an annual income statement (one-step form) if you have the following information about Company A: 1. Stocks of goods at the beginning of the year were $ 100 000 and decreased by 20% during the year. 2. Discounts provided for the sale of goods amounted to $ 17 000. 3. During the year, 20 000 shares were issued with a par value of $ 10. 4. Interest expense was $ 22 000. 5. The income tax rate is 30%. 6. During the year, purchases of goods for $475 000 were made. 7. Administrative costs represent 20% of cost of sales and 9% of total sales. . 8.4/5 of operating expenses are expenses related to the sale of goods.