Question 7 (7 points) Hanaforde Company provides this information for the month of March 2021: Sales Revenue on Credit $220,000; Cash Sales $50,000; Sales Discounts $2,000; and Sales Returns and Allowances $5,000; Cost of Goods Cold $140,000; Freight-Out $19,000. Prepare a partial Income Statement through to Gross Profit. Record the Sales Discount and Sales Returns and Allowances in column one of your statement, then all other amounts should be recorded in column two. Hanaforde Company Partial Income Statement For Month Ended March 31, 2021 Follow the above format for each account title used for the calculations through to the Gross profit