1) The following is obtained from Oroko Corporation's financial controller Net sales, $90,000; cost of goods sold, $10,500; extraordinary gain (net of income taxes of $1,500), $9,500; loss from discontinued operations $25,000; loss on disposal of discontinued operations $7,500; selling expenses, $5,000; administrative expenses, $4,000; income taxes expenses on continuing operations, $10,000. Please prepare the company's income statement for the year ended December 31, 2019