From the partial worksheet for Rose Co. shown in Figure prepare a formal incomestatement.

ROSE CO PARTIAL WORKSHEET FOR YEAR ENDED DECEMBER 31, 201X income Statement Account Titles Dr Cr 5000 295000 40 00 Sales Sales R & A Sales Dis. Purchases Purchases R&A 11300 64 00 5000 163 00 12700 Freight-In Salaries Expense Insurance Expense Advertising Expense 9800 0loloo 8000 18500 7000 Rent Expense Dep. Exp., Store Eq. Salaries Pavable 0500 18000 25 150366000 114500 66000 Net Income 66000