Carson Corporation provided the following partial-trial balance for the current year.

Carson Corporation

Trial Balance (Selected Accounts)

For the Year Ended December 31

Account

Debit

Credit

Dividends

$1,370

Sales

$190,000

Dividend Income

530

Interest Income

1,300

Gain on Disposal of Plant Assets

960

Unrealized Gain on Trading Investments

1,600

Cost of Goods Sold

40,000

Office Supplies Expense

5,000

Sales Salaries Expense

4,200

Selling Expenses

9,000

Accounting and Legal FeesGeneral Expense

770

Advertising Expense

3,600

Office Salaries Expense

7,100

Depreciation ExpenseGeneral Expense

8,900

Interest Expense

1,900

Loss on Asset Impairment

2,000

Prepare a single-step income statement for the year ended December 31.

CarsonCarson

is subject to a

4040%

income tax rate. (Round all amounts to the nearest whole dollar.)

Carson Corporation
Statement of Net Income
For the Year Ended December 31
Net Income