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(Preparing an income statement) Prepare an income statement and a common-sized income statement from the following information. (Click on the following icon in order

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(Preparing an income statement) Prepare an income statement and a common-sized income statement from the following information. (Click on the following icon in order to copy its contents into a spreadsheet.) Sales Cost of goods sold General and administrative expense Depreciation expense Interest expense Income taxes $525,176 199,121 60,478 8,434 11,268 98,350 Complete the income statement below. (Round to the nearest dollar. NOTE: You may input expense accounts as negative values.) Income Statement Gross profits Total operating expenses Operating income (EBIT) Earnings before taxes Net income

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