REQUIREMENT 2: Port A Beach Outfitters is a retail business that sells beach clothing and beach-related souvenir items. They purchase all of their inventory from distributors and wholesalers. For the year ending December 31, 2022, they reported these revenues and expenses. Using this information, in the space provided, prepare an income statement for Port A for 2022. $415,000 24,000 Sales revenue Building rent Advertising 13,000 Sales staff salaries 45,000 Cost of goods sold 210,000 Utilities 11,000 Supplies 4,000