2. Use this information to prepare a financial statement for company ABC Co for the 12 months ended 31st December 2019 Distribution expenses $ 8,000 Salaries and wages related to selling product 516,000 Advertisements and promotions for Product $ 5,000 Salaries and wages for administrative staff $ 7,500 Office supplies expenses $ 1500 administrative Utility expenses 53000 Depreciation on office equipment Interest expense $ 1500 Cost of direct material purchase for product Alpha 5 165,000 Cost of stock at the beginning of the period Alpha $ 15,000 Cost of stock at the end of the period Alpha 5 20,000 Revenue from sale of Product Alpha 5312.500 $ 750 Based on the above information prepare a baske financial statement and Identify the following Gross Profit (3) IL Total operating expenses (Show separately your selling distribution expenses and administrative expenses) (3) Page 1 Operating income (3) I Net Income (Assume your business is taxed at 413 Correct Income statement with clear separation of items