Use the following information about Red Rocks Inc. to answer the following question: Assume the following: Pays no taxes Return on net operating assets (RNOA) - 18% Has $2,000 in net operating assets financed by equity At the beginning of the year Red Rocks borrows $1000 at 8%. It uses the debt to buy additional operating assets. Create a simple Income Statement for Red Rocks at the end of the year. Include operating income, interest expense, and net income. Edit View Insert Format Tools Table 12pt Paragraph BI U AL Tiv olvath