Brief Exercise 2-26. Service Organization Income Statement Objective 3. Example 2.8 Allstar Exposure designs and sells advertising services to small, relatively unknown companies. Last month, Allstar had sales commissions costs of $50,000, technology costs of $75,000, and research and development costs of $200,000. Selling expenses were $10,000, and administrative expenses equaled $35,000. Sales totaled $410,000. J 85 Required: 1. Prepare an income statement for Allstar for the past month. 2. Briefly explain why Allstar's income statement has no line item for cost of goods sold. PREVIOUS PAGE Mid