The following information applies to the questions displayed below.] Income statement and balance sheet data for Great Adventures, Inc., are provided below GREAT ADVENTURES, INC. Income Statement For the Year Ended December 31, 2014 Revenues: Service revenue (clinic, racing, TEAM) Sales revenue (MU watches) 592,000 124,000 Total revenues $716,000 Expenses: Cost of goods sold (MU watches) Operating expenses Depreclation expense Interest expense Income tax expense 69,600 285,276 48,700 31,296 56,800 Total expenses 491,672 Net Income $224,328