The income statement for Weatherford International Inc.s year ended December 31, 2023, was prepared by an inexperienced bookkeeper. As the new accountant, your immediate priority is to correct the statement. All amounts included in the statement are before tax (assume a rate of 35%). The company had 114,000 common shares issued and outstanding throughout the year, as well as 22,800 shares of $1.20 cumulative preferred shares issued and outstanding. Retained earnings at December 31, 2022, were $335,800. Weatherford International Inc. Income Statement December 31, 2023 Revenues: Sales $ 1,187,000 Gain on sale of equipment 15,800 Interest income 7,000