$($Preparing an income statement$)$ Prepare an income statement and a common$-$sized income statement from the following information.

$($Click on the following icon in order to copy its contents into a spreadsheet.$)$

Complete the income statement below. $($Round to the nearest dollar. NOTE: You may input expense accounts as negative values.$)$

Income Statem

Gross profits

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Total operating expenses

Operating income $($EBIT$)$

Earnings before taxes

Net income

$

$

$

$

$

$