BE4-5 J. Depp Corporation had income before income taxes for 2007 of $7,300,000. In addition, it suf- fered an unusual and infrequent pretax loss of $770,000 from a volcano eruption. The corporation's tax ate is 30%. Prepare a partial income statement for J. Depp beginning with income before income taxes. The corporation had 5,000,000 shares of common stock outstanding during 2007.