Preparing an income statement Prepare an income statement and a common-sized income statement from the following information Sales $825, 177 Cost of goods sold 199,155 General and administrative expense 60,828 Depreciation expense 8,587 Interest expense 11.05 Income taxes 97 881 (Click on the con located on the top right comer of the data table above in order to copy its contents into a spreadsheet) Complete the income to below. (Round to the nearest dolar. NOTE: You may not expense accounts as negative values.) Income Statement $ Gross profits 5 $ Total operating expenses Operating income (EBIT) 5 Earnings before taxes Net income Complete the commoned income statement below. (Round to one decimal place. NOTE: You may input expense accounts as negative values 5 Commonsured Income Statement Sales Cost of goods sold Gross profits 525,177 19.155 326,022 5 Choose from any to enter any number in the input fields and then continue to the next question MacBook Pro Cost of goods sold 199.155 General and administrative expense 60,828 Depreciation expense 8,587 Interest expense 11,905 Income taxes 97.881 (Click on the con located on the top-right comer of the data fable above in order to copy its contents into a spreadsheet) Total operating expenses $ Operating income (EBIT) $ Earnings before taxes Net income Complete the common-sized income statement below. (Round to one decimal place NOTE: You may input expense accounts as negative values.) $ 525, 177 199.155 326,022 $ 60.828 Common-sized Income Statement Sales Cost of goods sold Gross profits General and administrative expenses Depreciation expense Total operating expenses Operating income (EBIT) Interest expense Earnings before taxes locome taxes 8,587 69.415 $ % 256,607 11.905 244,702 97 881 146.821 Net Income % Choose from any list or enter any number in the input fields and then continue to the next question MacBook Pro