Based on the following data, find the missing amounts.

GERBERACOMPANY IncomeStatement FortheYearEndedDecember31,2020

RevenuesSales Revenue$3,810,200Total Revenues?ExpensesWages Expense1,314,900Advertising and Promotion Expenses482,200Other Selling and Administrative Expenses?Interest Expense225,600Income Tax Expense117,700Other Expenses253,700Total Expenses3,445,600Net Income$ ?

Group of answer choices

Total revenues are $2,495,300, other selling and administrative expenses are $1,051,500, and net income is ($950,300).

Total revenues are $3,810,200, other selling and administrative expenses are $364,600, and net income is $7,255,800.

Total revenues are $3,810,200, other selling and administrative expenses are $1,051,500, and net income is $364,600.

Total revenues are $364,600, other selling and administrative expenses are $3,081,000, and net income is $7,255,800.

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