Critical Thinking: Income Statements and Profitability Ratios (60 Points)In this

Critical Thinking: Income Statements and Profitability Ratios (60 Points)In this module you were introduced to the income statement and profitability ratios. In this assignment you will use this information to create an income statement and then analyze it for profitability. Selected accounts for Jackson Inc. are listed below along with their balances before closing the year of 12/31/12. Jackson Inc. is a firm that manufactures wireless mouse systems for laptops. Use this information to complete the required elements below.The current syllabus cites a previous edition of the textbook. The attached update is correct for Winter and Springall current and upcoming terms.1Dividends were declared and paid to Jackson Inc. stockholdersRequired: