Prepare an income statement for year ended Dec. 31, 2019

Sales Revenue 5,500,000

Cost of Goods sold 2,800,000

Salaries expense 1,100,000

Income Tax Payable 5,000

Rent Expense 490,000

Administrative Expense 490,000

Income tax rate is 35%

Do in following format

Revenue

Expenses

Total Expenses

Income before income tax

Net income