The owner of a bicycle repair shop forecasts revenues of $192,000 a year. Variable costs will be $58,000, and rental costs for the shop are $38,000 a year. Depreciation on the repair tools will be $18,000. a. Prepare an income statement for the shop based on these estimates. The tax rate is 20%. X Answer is not complete. INCOME STATEMENT $ Depreciation Pretax profit 18,000 15,600 X 38,000 Rental costs Revenue Taxes 192,000 (227,600) 58,000 X (285,600) Variable costs $