Burleson, Inc., introduced a new laser disc in December 19X2 and received \(\$ 100,000\) from customers in advance. During 19X3, Burleson shipped the products to customers and received an additional \(\$ 400,000\). In 19X4 Burleson received \(\$ 300,000\) as the final payment for the 19X3 shipments.

Burleson spent \(\$ 90,000\) in 19X2 to advertise the laser discs during 19X3. Cost of goods sold was \(\$ 160,000\). Burleson paid an additional \(\$ 230,000\) during 19X4 for expenses accrued at the end of 19X3.

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Show revenues, expenses, and net income for \(19 \mathrm{X} 2,19 \mathrm{X} 3\), and \(19 \mathrm{X} 4\).