The controller of Choleva Products Limited, a public corporation, has provided you with the following draft income statement as well as some notes that she made during the preparation of this statement. ITA: 13, 14, 18-20; ITR: 1100; Sched. II, III Sales Cost of goods sold (Note (1)) Gross profit Commissio income Choleva Products Limited STATEMENT OF INCOME For the year ended December 31, 2023 Administrative and marketing expenses (Note (2)) Amortization (Note (3)) Interest on long-term debt (Note (4)) $500,000 80,000 70,000 $ 8,300,000 (6,800,000) $ 1,500,000 70,000 $ 1,570,000 Pg. 206