On December $31,2022,$ a self employed public accountant $($CPA$),$ completed her first full year in business. During the year, they billed $$180,000$ for their accounting services. They had two employees: a bookkeeper and a clerical assistant. In addition to the owner's monthly salary of $$4,000,$ the owner paid annual salaries of $$24,000$ and $$18,000$ to the bookkeeper and the clerical assistant, respectively. Employment taxes and benefit costs for the owner totaled $$17,300$ for the year. Expenses for office supplies, including postage, totaled $$5,200$ for the year. Lease payments for the office space rented were $$1,350$ per month. Depreciation expense was $$7,800$ for the year. The owner paid interest of $$7,500$ on the $$60,00$ borrowed to start the business.

You will need to classify each of the items above and calculate: EBITDA, EBIT, and Pre$-$Tax Income.

a$.(15$ points$)$ Prepare an income statement for this business owner using the following format:

Gross Revenue

$($Operating Expenses$)$

EBITDA

$($Depreciation & Amortization$)$

EBIT

$($Interest Expense$)$

Pre$-$Tax Income