11. Use the information from the data provided below to prepare a full Income Statement in proper format for the year ended December 31, 2017. . . . . . Research and development expenses $5,000 Insurance expense $7,000 Net sales $186,000 General, selling, and administrative expenses $29,000 Cost of goods sold $87,000 Income tax expense $11,000 Rent expense $12,000 Interest income $3,000 Interest expense $4,000