CALCUI Question 16 Prepare a 2020 income statement for Shanta Corporation based on the following information: Cost of goods sold Operating expenses Other expenses and losses Sales revenue Tax rate $490,000 100,000 30,000 700,000 30% SHANTA CORPORATION Income Statement For the Year Ended December 31, 2020 02:35 PM / Remaining: 158 min. CALCULATOR Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will leam while you earn points based on the Point Potential Policy set by your Question Attempts: Eam Maximum answer this qu attempts or le