... JAWWAL 9:33 PM 78% ... Done Q2) Prepare an income statement using the information given below. Make sure to identify gross profit, operating income, and net income. $50,000 $250,000 $50,000 Inventories Cost of Goods Sold Administrative Expenses Accumulated Depreciation Sales Depreciation Expense Selling Expenses Common Stock Dividends Interest Expense Corporate Tax Rate $150,000 $600,000 $25,000 $150,000 $8,000 $8,000 40%