value 10.00 points The income statement, balance sheets, and additional information for Great Adventures, Inc., are provided below GREAT ADVENTURES, INC Income Statement For the year ended December 31, 2014 Revenues Service revenue (clinic, racing, TEAM) Sales revenue (MU watches) $578,000 137,000 $ 715,000 Total revenues Expenses Cost of goods sold (watches) Operating expenses Depreciation expense Interest expense Income tax expense 69,100 289,276 49,400 30,716 56,100 Total expenses 494,592 Net income $ 220,408