3. Construct a complete, properly formatted income statement for the year ended December 31, 2019, for XYZ Company, a corporation, using the following information: $12,000 Utilities expense $18,500 Insurance expense Interest expense $5,200 Management salaries expense $65,000 $17,500 Payroll tax expense $775,000 Sales $26,500 Marketing expense $13,500 Provision for income taxes $465,000 Cost of services $40,000 Rent expense Depreciation expense $8,000