Question: (Preparing an income statement) Prepare an income statement and a common-sized income statement from the following information. Sales $525 comma 845525,845 Cost of goods sold

(Preparing an income statement) Prepare an income statement and a common-sized income statement from the following information. Sales $525 comma 845525,845 Cost of goods sold 199 comma 561199,561 General and administrative expense 61 comma 92861,928 Depreciation expense 8 comma 6558,655 Interest expense 11 comma 66611,666 Income taxes 97 comma 61497,614 (Click on the icon located on the top-right corner 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 $

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