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(Preparing an income statement) Prepare an income statement and a common-sized income statement from the following information Sales Cost of goods sold General and administrative

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(Preparing an income statement) Prepare an income statement and a common-sized income statement from the following information Sales Cost of goods sold General and administrative expense Depreciation expense Interest expense Income taxes $525,626 199,153 60,510 8,127 11,407 98,572 (Click on the icon located on the top-right corner of the data table above in order to copy its contents into a spreadsheet.) 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)

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