Amber Corporation has provided the following information of its operating activities for the year:

Merchandise Inventory, January 1	$150,000
Merchandise Inventory, December 31	75,000
Purchases	854,000
Selling and Administrative Expenses	65,000
Sales Revenue	1,000,000

Required: Prepare Amber's income statement for the year ended December 31. Use the format provided below:

Sales Revenue
Cost of Goods Sold
Beginning Inventory
Purchases
Cost of Goods Available for Sale
Ending Inventory
Cost of Goods Sold
Gross Profit
Selling and Administrative Expenses
Operating Income