Complete the income statement for Toll's Inc., a merchandising concern, doing all the necessary addition and subtraction. Sales were $250,000; sales returns and allowances were $1400; sales discounts were $2100; merchandise inventory, December 31, 2018 was $42,000; purchases were $156,000; purchases returns and allowances were $1100; purchase discounts were $3000; merchandise inventory, December 31, 2019 was $47,000; selling expenses were $37,000; and general and administrative expenses were $2900.