Prepare an income statement for Sheridan Partnership for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) SHERIDAN PARTNERSHIP Income Statement Year Ended December 31, 2021 Sales 337000 Cost of Goods Sold 250000 Gross Profit/(Loss) 87000 Operating Expenses 132000 i Profit/(Loss) $ 45000 SHERIDAN PARTNERSHIP Division of Loss Year Ended December 31, 2021 V. Storey G. Rogers Total $ i $ i wance 29500 i 'S 39500 i remaining for allocation i i lowance 4560 i i 5760 i i remaining for allocation i i 1 49728 'S i 74592 i i i SHERIDAN PARTNERSHIP Statement of Partners' Equity Year Ended December 31, 2021 V. Storey G. Rogers Total Capital, January 1