Question: Please show all work and write out equation Prepare an income statement from the following data ($000): Cost of goods sold 450 Interest expense 30

Please show all work and write out equation

Prepare an income statement from the following data ($000):

Cost of goods sold 450

Interest expense 30

Depreciation expense 120

Net sales 990

Interest income 80

Income tax expense 70

Advertising expense 100

General and administrative expenses 150

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