You decided to expand your product line by also selling Acadian style meat pies made by a close friend. You purchased 30 pies at a total cost of $300. You promised to pay your friend next week (after the craft market was over). During the online craft market, you sold all 100 packages of cheese at a price of $25 each (all cash sales). In addition, you received deposits of $200 for an additional 8 speciality cheeses to be delivered at a future date. You also sold 28 meat pies at $30 each (all cash sales). You paid your younger brother $40 for packaging items for shipment. You did not pay yourself anything nor did you include the cost of your time in making the cheese as part of the cost of cheese sold. You hope your profit will sufficiently reward all of your efforts. Although you were left with 2 unsold meat pies (with a total cost of $20), you are confident that you can easily sell them at another future time before their expiry date. At the end of the weekend, you wonder whether your efforts were profitable. Required: Drag and drop to prepare an income statement for the 3-day online craft market period which ended on November 18, 2020. Note: there will be unused responses when the question is complete. Island Cheese Income Statement For the 3 day period ended November 18, 2020 Revenues: Cheese sales Meat pie sales Total revenues Expenses Cost of ingredients Cost of meat pies sold Virtual booth rental Advertising expense Salaries expense Total expenses Net income