Please comolete the income statement.

Instructions Income statement data for Moreno Company for two recent years ended December 31, are as follows: Moreno Company Comparative Income Statement For the Years Ended December 31, 20-- Current Year Previous Year 1,938,000.00 $1,700,000.00 1,622,820.00 1462,000.00 315,180.00 $238,000.00 67,800.00$60,000.00 49,280.0044,000.00 $117,080.00 $104,000.00 198,100.00 $134,000.00 8,500.00 185,010.00 $125,500.00 2 Sales 3Cost of goods sold 4 Gross profit 5 Selling expenses 6 Administrative expenses Total operating expenses 8 Income before income tax 9 Income tax expense 10 Net income 13,090.00