Assume that Jefferson Corporation’s chief financial officer gave you the following information: net sales, $360,000; cost of goods sold, $175,000; loss from discontinued operations (net of income tax benefit of $35,000), $100,000; loss on disposal of discontinued operations (net of income tax benefit of $8,000), $25,000; operating expenses, $65,000; income taxes expense on continuing operations, $50,000. From this information, prepare the company’s income statement for the year ended June 30, 2011.