(Preparing an income statement) Prepare an income statement and a common-sized income statement from the following information. Sales Cost of goods sold General and administrative expense $525,958 199,257 61,809 8,709 11,753 97,772 Interest expense Income taxes (Click on the icon located on the top-right comer of the data fable 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 Choose from any list or enter any number in the input fields and then click Check Answer part Clear All