Service Organization Income Statement trestructions Labels and Amount Descriptions income Statement Concluding Question Instructions Allstar Exposure designs and soils advertising services to small, relatively unknown companies. Last month. Alstor had sales commissione come of $40.000 technology costs of $73,000, and research and development costs of $160,000. Selling exponnen woro 516,000, and administrative expenses would 194,000, Sales totaled $460,000 Required: 1. Prepare an income statement for Allstar for the past month. 2. Briefly explain why Allstar's income staternent has no lino item for Cost of Goods Sold Service Organization Income Statement Irintructions Labels and Amount Descriptions Income Statement Concluding Question Instructions Income Statement Allstar Exposure Income Statement Labell I 1 1 Label 3 4 5 6 7 trotructions Labels and Amount Descriptions Income Statement Concluding Question IN Instructions Income Statement Concluding Question 2 Complete the statements below that briefly explain why Allstar's income statement has no line iter for Cost of Goods Sold rather than a Allstar has no cost of goods sold line item because the company is a . As such, Allstar has no . Instead, costs appear on the income statement as