(Preparing an income statement) Prepare an income statement and a common-sized income statement from the following information. (Click on the following icon a in order to copy its contents into a spreadsheet.) Sales $525,000 200,000 62,000 8,000 Cost of goods sold General and administrative expense Depreciation expense Interest expense 12,000 97,200 Income taxes Complete the income statement below. (Round to the nearest dollar. NOTE: You may input expense accounts as negative values.) Income Statement Gross profits Total operating expenses Operating income (EBIT) Earnings before taxes Net income %24 %24 %24 %24 %24 %24