Reviewing basic financial statements The income statement for the year ended December 31, 2015, the balance sheets for December 31, 2015 and 2014, and the statement of retained earnings for the year ended December 31, 2015, for Technica, Inc., are given below and on the following page. Briefly discuss the form and informational content of each of these statements Technica, Inc., Income Statement for the Year Ended December 31, 2015 Sales revenue $600,000 Less: Cost of goods sold 460,000 Gross profits $140,000 Less: Operating expenses General and administrative expenses $ 30,000 Depreciation expense 30,000 Total operating expense 60,000