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Use the following Year 3 data: Other Selling and Administrative Expenses Other Expenses Sales Revenue Advertising and Promotion Expenses Salaries and Wages Expense Income Tax

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Use the following Year 3 data: Other Selling and Administrative Expenses Other Expenses Sales Revenue Advertising and Promotion Expenses Salaries and Wages Expense Income Tax Expense Interest Expense $1,050,480 247,700 4,885,400 552,550 2,524,600 166,550 113,950 Required: Prepare the annual income statement for Kvass, Inc. KVASS, INC. Income Statement For the Year Ended December 31, Year 3 Revenues Total Revenues Expenses Total Expenses

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