Support Jaguar Automobides d pad 100.000 totesearch a new global positioning system Jaguar also paid $1,400,000 to acquire a putent on a new motor After reading the motor for production Jaguar's so revenue for the first year totaled 56 250 000 Cost of goods sold was $3.800,000 and selling expenses were $350,000 All these transactions occurred during fiscal 2020 Jaga copacts point to have a useful life of four years Prepare Jaguar's income statement for the fiscal year onded December 31, 2020 For the Year Ended Documber 31, 2020 Rere Salervo Expo Setting expenses 350000 Cost of goods sold 3800000 Patent 1400000 Research expense 100000 Total expenses Net incon Choose from any stor enter any number in the input fields and then click Check