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Question one: A firm has the following accounts and financial data for 2021: Sales revenue $10,000 Accounts payable $500 Net fixed assets $2,500 Interest expense $200 Account receivables $500 General and administrative expense $200 Accumulated depreciation $1,000 Cost of goods sold $2,000 Depreciation $300 Salaries and wages $300 Selling and marketing expense $150 Common stock dividends $700 Preferred stock dividends $500 Tax rate 40% Number of common shares outstanding 1,000 a) Use the suitable information from the table above to prepare the income statement for the year ended 2021. b) Calculate Earnings per share