In this module you were introduced to the income statement and profitability rat

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.1Dividends were declared and paid to Jackson Inc. stockholdersRequired:The following links provide sample formatting for income statements and statements of retained earnings.