\begin{tabular}{lr} Advertising expense & 4,000 \\ Cost of goods sold & 120,000 \\ \hline Depreciation expense - office computer & 1,000 \\ Income tax expense & 16,000 \\ Interest expense & 3,000 \\ Interest revenue & 1,000 \\ Loss on sale of auto & 2,000 \\ Rent expense - office & 8,000 \\ Salaries expense - office & 30,000 \\ Sales revenue & 300,000 \\ Sales commissions (paid) & 50,000 \\ Supplies expense - office & 2,000 \\ Utilities expense - office & 5,000 \end{tabular} 1) Prepare, in good form, a multiple-step income statement, for the Avocado Company for the year ended December 31 of the current year. 2) Compute Avocado Company's gross profit ratio and profit margin? 3) For each dollar of Sales, how much does Avocado spend on their product and how much do they keep after paying for all expenses