with the data provided below, prepare a statement of income. Fill in the missing financial statement accounts.

Cost of sales$-700,000$

Profit for the year$-65,000$

Share capital$-500,000$

long term borrowings$-800,000$

total current assets$-500,000$

gross profit$-300,000$

distribution costs$-200,000$

total equity$-1,100,000$

total assets$-2,500,000$

total current liabilities$-600,000$

Income statement

revenue$-$

cost of sales$-$

gross profit$-$

total income$/$loss$-$

income tax expense$-$

profit for the year$-$