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.) Sales Cost of goods sold General and administrative expense Depreciation expense Interest expense Income taxes $525,647 199,614 61,127 8,157 11.304 98,178 Complete the income statement below. (Round to the nearest dollar. NOTE You may innut aynon omplete the income statement below. (Round to the nearest dollar. NOTE: You may Income Statement $ Gross profits S Total operating expenses Operating income (EBIT) Earnings before taxes Net income Common-sized Income Statement Sales $ 525,647 % Cost of goods sold 199,614 $ 326,033 % Gross profits General and administrative expense $ 61,127 % Depreciation expense 8.157 $ 69.284 Total operating expenses Operating income (EBIT) 256,749 Interest expense 11,304 Earnings before taxes 245,445 Income taxes 98.178 Net income 147,267 %