Current Attempt in Progress Indicate in what section (gross profit, income from operations, or income before income tax) the following ligeris are reported: Current Attempt in Progress The financial records of Wildhorse inc. were destroyed by fire at the end of 2022. Fortunately, the controller had kept certain statistical data related to the incomestatement. 1. The beginning merchandise inventory was $104,880 and decreased 20% during the current year. 2. Sales discounts mount to $19,380 3. 31,464 ordinary shares were cutstanding for the entire year. 4. Interest expense was $22.800. 5. The income tax rate is 30%. 6. Cost of goods sold amounts to $570.000. 7. Administrative expenses are 18% of cost of goods sold but only 8% of bross sales. 8. Four-fitths of the operating expcones relate to sales activities 4. Interest expense was $22,800. 5. The income tax rate is 308 . 6. Cost of goods sold amounts to $570.000 7. Administrative expenses are 18% of cost of goods sold but only 8% of gross sales. 8. Four-fitths of the operating expenses relate to sales activities: From the foregoing information, prepare an income statement for the year 2022 . (Round earnirgs per share to 2 decimal ploces, eg. 1.48. Indicate in what section (gross profit, income from operations, or income before income tax) the following items are reported