Question 5 1 pts the text boxes Based on these figures below and using the Income Statement Form , create an Income Statement. Once you have calculated the Statement, fill in the answers below. Beginning Inventory Selling Expenses Ending Inventory Sales Returns and Discounts Net Income Taxes 25,000 220,000 36,000 10,000 325,500 Income Taxes (at 25%) Cost of Goods Sold Gross Sales Gross Profits 108,50C 61,00C 780,00C 709,000 Fill in the Answers (numbers only, do not use decimals): Net Sales: $ General and Administrative Expenses: $ Net Income Before Taxes: $ Inventory Purchases: $