Prepare an income statement for Netflix, Inc. for the year ended December 31, 2023.

Item	Amount ($)
Sales Revenue	1,500,000
Cost of Goods Sold	900,000
Salaries Expense	250,000
Rent Expense	70,000
Utilities Expense	50,000
Depreciation Expense	80,000
Interest Expense	40,000
Income Tax Expense	70,000

Question:

Using the given data, prepare the income statement for Netflix, Inc. for the year ended December 31, 2023. Calculate the Gross Profit, Total Operating Expenses, Operating Income, and Net Income.