Ref.: Ch13, Q 8. a) What is the purpose of the income statement? b) Also, briefly identify and describe the major types of expenses that are shown on the typical income statement.

You must add an example to your answer to be valid:

Please find on the internet the annual report 2019, 2020 or 2021 of a company. In your example you must tell us: name of the company, what is the business of that company, go to the section where the income statement is and inform us what is (in value $) the Total Revenue, the total taxes the company paid that year 2019 and the Net income (NI); then calculate and inform us the % of taxes and % of NI the company declared vs the total revenue of that company. In your response you must include the weblink that allows us to access the Annual Report.