Set B 12B- From the partial worksheet shown below, prepare a formal income statement. LO1 (40 min) EMERSON'S TRACTOR SUPPLIES PARTIAL WORKSHEET FOR THE YEAR ENDED DECEMBER 31, 2018 Figure 12.17 Partial Worksheet S50/QB Income Statement Cr Account Titles Dr Check Figure: Net Income from operations $850 Sales Sales Returns and Allowances Sales Discounts Cost of Goods Sold Salaries Expense Insurance Expense 410000 145 00 17 5 00 1 79000 360 00 27 5 00 16 500 Rental Income Rent Ex Depreciation Exp., Store Equipment Salaries P 23 0 00 225 00 115 00 3 2 50 00 4330 00 108 0 00 433 0 00 4 3 3000 Net Income