Exercise $7-15$A $($Static$)$ Part c

c$.$ Prepare an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Year $2.$

Complete this question by entering your answers in the tabs below.

Req $C2$

Req C$3$

Req C$4$

Prepare an income statement for Year $2.$

LITTLE GROCERY SUPPLIER

Income Statement

For the Year Ended December $31,$ Year $2$

$\backslash$table$[[$Sales revenue,,$],[$Cost of goods sold,,$],[$Gross margin,,$],[$Operating expenses,,$],[,,],[,,],[,,],[,,0],[$Total operating expenses,,$0],[,,]]$