The owner of a bicycle repair shop forecasts revenues of $236,000 a year. Variable costs will be $69,000, and rental costs for the shop are $49,000 a year. Depreciation on the repair tools will be $29,000. a. Prepare an income statement for the shop based on these estimates. The tax rate is 20%. \begin{tabular}{|l|l|l|} \hline \multicolumn{3}{|c|}{ INCOME STATEMENT } \\ \hline Revenue & $ & 236,000 \\ \hline Variable costs & & 69,000 \\ \hline & & \\ \hline & & \\ \hline & & 167,000 \\ \hline Depreciation & & \\ \hline Pretax profit & & 167,000 \\ \hline Rental costs & $ & \\ \hline Revenue & & \\ Taxes & & \\ \hline \end{tabular}