A manufacturing company has the following data for the year: Sales revenue $1,000,000, Beginning inventory $50,000, Ending inventory $70,000, Purchases $300,000, Direct labor $200,000, Manufacturing overhead $150,000, Selling expenses $100,000, Administrative expenses $50,000. Prepare a comprehensive income statement, including both operating and non-operating items, and analyze the company's financial performance. Discuss how each component of the income statement contributes to profitability and assess the company's overall financial health.