Basic Income Statement Copper Corporation recorded sales of $720,000 during 2000. Operating costs for the year included cost of goods sold of $550,000, salaries and wages of $90,000, and other operating costs of $42,000. Copper Corporation also received dividend income of $15,000 and miscellaneous income of $19,000. During 2000, Copper recorded interest expense of $31,000 and income tax expense of $16,000. You have been asked by the vice president of finance to prepare an income statement in good form.