Addison Corporation is currently going through a Chapter 11 bankruptcy. The company has the following account balances for the current year.

	Debit		Credit
Advertising expense	$	46,000
Cost of goods sold		233,000
Depreciation expense		44,000
Interest expense		2,000
Interest revenue			$	44,000
Loss on closing of branch		131,000
Professional fees		93,000
Rent expense		38,000
Revenues				621,000
Salaries expense		92,000

Prepare an income statement for this organization. The effective tax rate is 25 percent (realization of any tax benefits is anticipated). (Negative amounts under "Reorganization items" should be indicated by a minus sign.)

I ONLY NEED TO KNOW THE INCOME TAX BENEFIT I HAVE ALL OTHER ANSWERS PLEASE