Prepare an income statement for Hansen Realty for the year ended December 31, 2017. Beginning inventory was $1,240. Ending inventory was $1,592 Sales Sales returns and allowances Sales discount Purchases Purchase discounts Depreciation expense Salary expense Insurance expense Utilities expense Plumbing expense Rent expense $34,100 1,084 1,144 10,112 532 107 4,800 2,200 202 242 172 HANSEN REALTY Income Statement For Year Ended December 31, 2017 Gross profit from sales Operating expenses: Total operating expenses