Cat in the Hat LLC had the following items for the year ended December 31, 2023; these are all entire company level items unless otherwise labeled. During 2023, Cat in the Hat LLC removed all book products that referred to cheese (because it became lactose-in-tolerate). By 11/21/23, all assets from that division were sold for fair value. Create an income statement for Cat in the Hat. Wage Expense 56,000 Plant Property and Equipment 6,800,000 Wage expense (cheese books only) 2,500 Accumulated Depreciation 1,258,000 Interest Expense 4,500 Fair Value 3,600,000 Interest Expense (cheese only) 1,700 Sales Revenue 518,000 Plant Property and Equipment (Cheese books only) 254,000 Sales Revenue (Cheese books only) 62,000 Accumulated Depreciation (Cheese books only) 200,000 Depreciation expense 195,000 Fair Value (Cheese Books only) 87,000 Depreciation expense (Cheese only) 24,000 Cost of Goods Sold 258,000 Cost of Goods Sold (Cheese books only) 54,800 Income Tax Rate 20%

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