Ballentine Manufacturing produces and sells lawnmowers through a national dealership network. They purchase raw materials from a variety of suppliers, and all manufacturing and assembly work is performed at their plant outside of Kansas City, Missouri. They recorded the following costs for the year ending December 31, 2017.

Administrative and Selling Expenses	$420,000
Cost of Goods Sold	1,400,000
Rent on corporate headquarters	75,000
Marketing and Advertising	400,000
Sales Revenue	2,800,000
Straight-line depreciation on office equipment	100,000

Construct an income statement for Ballentine Manufacturing to reflect their net income for 2017.

Ballentine Manufacturing
Income Statement
For Year Ending 2017
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