(Preparing an income statement) Prepare an income statement and a common-sized income statement from the following information Sales $525,436 Cost of goods sold 199,534 General and administrative expense 61,223 Depreciation expense 8,086 Interest expense 11,566 Income taxes 98,011 (Click on the icon located on the top-right comer of the data table above 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 Statement Gross profits Total operating expenses Operating income (EBIT) Earnings before taxes Net income Complete the common-sized income statement below. (Round to ono decimal place NOTE: You may input expense accounts as negative values.) Common-sized Income Statement Choose from any list or enter any number in the input fields and then continue to the next question. (Preparing an income stafoment) Prepare an income statement and a common-sized income statement from the following information Sales $525,436 Cost of goods sold 199,534 General and administrative expense 61,223 Depreciation expense 8,086 Interest expense 11,566 Income taxes 98,011 (Click on the icon located on the top right corner of the data table above in order to copy its contents into a spreadsheet.) Net income Complete the common-sized income statement below. (Round to one decimal place. NOTE: You may input expense accounts as negative values.) 525,436 199.534 325,902 $ 61,223 Common-sized Income Statement Sales Cost of goods sold Gross profits General and administrative expense Depreciation expense Total operating expenses Operating income (EBIT) Interest expense Earnings before taxes 8086 69,309 256,593 11.566 245,027 Income taxes 98,011 Net Income 147,016 Choose from any list or enter any number in the input fields and then continue to the next