Question: Need help preparing an income statement with the information below. Thanks Income Statement Data for 20XX: Gross Sales= $33,291 Coupons and Discounts = $549 Cost

Need help preparing an income statement with the information below. Thanks

Income Statement Data for 20XX:

Gross Sales= $33,291

Coupons and Discounts = $549

Cost ofGoods=$10,276

Labor = $0 (Mr. and Mr. Lee were the only ones working and did not pay themselves)

advertising fees=$2000

bank fees= $120

phone/internet= $1200

shipping= $1380

utilities= $900

office supplies = $785

Income tax = 26%

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