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Prepare and Income Statement for ABC Company year 202X with the following information: Sales-$525,000 Cost of Goods Sold-200,000 General and administrative expense-62,000 Depreciation expense-

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Prepare and Income Statement for ABC Company year 202X with the following information: Sales-$525,000 Cost of Goods Sold-200,000 General and administrative expense-62,000 Depreciation expense- 8,000 Interest Expense- 12,000 Income Taxes-97,200 What is the net income? What can we say about the company's income statement?

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