PROBLEM 2 (10pts) In preparation for the year-end review of The Big One Company by the big bosses, Ms. Tonya, your division manager has tasked you to prepare a multi-step income statement for the year ended 2021. The following information have been provided to you: Cost of inventory sold to customers 220,000 Advertising expenses 25,000 Administrative salary expenses 80,000 Issued common stock 75,000 10,000 Interest income Insurance expense 4,000 Research and development cost 22,000 Dividends paid 15,000 Tax expense 35% Rent expense 12,000 Loss from closing 1 out of 6 shops due Restructuring Accrued expenses 8,000 11,000