please answer with correct and detailed calculations and explanations. make sure supporting statements are also provided for each step and calculation.

Problem 3 The following information comes from the 2022 accounting records of Agility Company (000's omitted). Rent revenue 10,850 Sales revenues 2,375,000 Selling expenses: Commissions $ 4,900 Depreciation of autos for sales personnel 9,250 Delivery expense 6,480 Administrative expenses: Salaries of 400,000 Depreciation of furniture/fixtures 25,000 Cost of goods sold 1,200,000 Interest expense 48,000 Income tax expense 267,800 Shares of common stock issued and outstanding 50,000 Required: Prepare a detailed income statement that provides, for a banker, the most useful insight into Agility's revenues, expenses, and overall operations