Can you prepare the notes to the financial statement?

VOD VIDEO COMPANY
INCOME STATEMENT (Report Form)
FOR THE YEAR ENDED DECEMBER 2019
Revenues
Sale				2,925,000.00
Less: Sales Return & Allowances				(26,000.00)
Less: Sales discount				(33,520.00)
Net Sales					2,865,480.00
Cost of Goods Sold
Beginning Inventory			35,000.00
Purchases
Purchases		1,262,000.00
Less: Purchase Return & Allowances		(19,000.00)
Less: Purchase Discount		(29,000.00)
Add: Freight In		15,800.00
Net Purchases			1,229,800.00
Cost of Goods for Sale				1,264,800.00
Less: Ending Inventory				(68,000.00)
Cost of Goods Sold					1,196,800.00
Gross Profit					1,668,680.00
Operating Expenses
Sales Salaries Expense			600,000.00
Advertising expense			50,000.00
Depreciation expense - store furniture & equipment			28,500.00
Store supplies expense			15,000.00
Freight out			14,000.00
Misc Distribution cost			19,000.00
Total Selling Expense				726,500.00
Office Salaries expense			300,000.00
Rent expense			216,000.00
Utilities expense			183,000.00
Insurance expense
Doubtful accounts expense			1,250.00
Misc. Admin Expense			17,000.00
Total Administrative Expense				717,250.00
Total Operating Expense					1,443,750.00
Net Income					224,930.00