The owner of a bicycle repair shop forecasts revenues of $160,000 a year. Variable costs will be $50,000, and rental costs for the shop are $30,000 a year. Depreciation on the repair tools will be $10,000. Prepare an income statement for the shop based on these estimates. The tax rate is 35%. (Input all amounts as positive values.)

INCOME STATEMENT
(Click to select)Variable costsRevenueDepreciationRental costsPretax profit	$
Rental costs
(Click to select)Pretax profitVariable costsDepreciationRevenue
(Click to select)RevenueDepreciationPretax profitVariable costs
(Click to select)Variable costsPretax profitDepreciationRental costsRevenue
(Click to select)RevenuePretax profitDepreciationTaxesRental costs
(Click to select)Net incomeNet loss	$