Task 1 \begin{tabular}{|l|l|} \hline Profit and Loss Statement & \\ \hline Gross Revenue (Sales) & \\ \hline & \\ \hline & \\ \hline Total Gross Revenue & $ \\ \hline & \\ \hline Cost of Goods Sold & \\ \hline & \\ \hline & \\ \hline Total COGS & $ \\ \hline & \\ \hline Net Revenue (Sales) & $ \\ \hline & \\ \hline Operating Expenses & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline Potal Operating Expenses & $ \\ \hline \end{tabular} Table 1 Your Information Bicycle Sales $20,000, Telephones $350, Wages $5,000, Insurance Costs $1,000, Apparel Sales $5,000, Repair Income $5,000, Bicycle Inventory Cost of Goods Sold $10,000, Facility Maintenance $1,000, Rent $4,000, Apparel Inventory Costs of Goods Sold $2,500, Electricity $7,500, Marketing $1,000