The events and transactions of Dever Corporation for the year ending December 31, 2014, resulted in the following data.

Analysis reveals that:
1. All items are before the applicable income tax rate of 30%.
2. The plastics division was sold on July 1.
3. All operating data for the plastics division have been segregated.
Instructions 

Prepare an income statement for the year.

Transcribed Image Text:

Cost of goods sold Net sales Other expenses and losses Other revenues and gains Selling and administrative expenses Income from operations of plastics division Gain from disposal of plastics division Loss from tornado disaster (extraordinary loss) $2,600,000 4,400,000 9,600 5,600 1,100,000 70,000 500,000 600,000