Task 7 (drawing up a profit and loss statement) Prepare an annual income statement (one-step form) if you have the following information about Company A: . 1. Stocks of goods at the beginning of the year were $ 100 000 and decreased by 20% during the year. . 2. Discounts provided for the sale of goods amounted to $ 17 000. . 3. During the year, 20 000 shares were issued with a par value of $ 10. . 4. Interest expense was $ 22 000. . 5. The income tax rate is 30%. . 6. During the year, purchases of goods for $ 475 000 were made. . 7. Administrative costs represent 20% of cost of sales and 9% of total sales. . 8. 4/5 of operating expenses are expenses related to the sale of goods