The following information is available for Coronado Corporation for the year ended December 31, 2020: cost of goods sold $210,000, sales revenue $465,000, other revenues and gains $46,000, and operating expenses $78,000. Assuming a corporate tax rate of 35%, prepare an income statement for the company. CORONADO CORPORATION Income Statement For the Year Ended December 31, 2020 Sales Revenue 465000 Cost of Goods Sold 210000 255000 Operating Expenses 78000 177000 Other Revenues and Gains 46000 223000 Income Tax Expense 78050 Total Revenues 144950 c The following information is available for Coronado Corporation for the year ended Dece $465,000, other revenues and gains $46,000, and operating expenses $78,000. Assuming a corporate tax rate of 35%, prepare an income statement for the company. CORONADO CORPORATION Income Statement For the Year Ended December 31, 2020 Sales Revenue 465000 Cost of Goods Sold 210000 255000 78000 177000 46000 Cost of Goods Sold Dividends Expenses Gross Profit / (Loss) Income before Income Taxes Income from Operations Income Tax Expense Net Income /(Loss) Operating Expenses Other Revenues and Gains Retained Earnings, January 1 Retained Earnings, December 31 Sales Revenue Total Expenses Total Revenues > 223000 78050 144950