using the assumptions provided below for the UWP Corporation, complete their income statement for the period ending December 31st, 2020

Assumptions (Income Statment): 1,000 Discontinued Item operations 5,000 Freight/Transportation 5,000 Utilities 12,000 Tax Estimate 2,000 Non-recurring items 10,000 Proceeds from Training 55,000 Income (gross) 17,000 Rents - Annex Building 40,000 Manuscript sales 3,000 Packaging Material 2,000 Handling \& Storage 70,000 E-book online Sales 10,000 Receptionist 1,000 Line of Credit (p-card) 65,000 COGS 3,000 Insurance Premium Income Statement for the Year Ended 31st December 2020 UWP Corporation Gross profit Profit before tax Profit for the year