Assignment? 2 From the information below you are required to prepare the single-step Inceme Statement for Stema Company for the year ended on December 31, 2022: \begin{tabular}{lr} Beginning merchandise inventory & $92,000 \\ Sales discounts & $12,000 \\ Interest expense & $10,000 \\ Cost of goods sold & $500,000 \\ Administrative expenses & $100,000 \\ Sales expenses & $50,000 \\ Total sales of the year & $856,000 \end{tabular} Other Information: 20,000 shares of common stock were outstanding for the entire year at $10 each. The income tax rate is 20%