Finger Lakes Gift company operates $11$ retail stores across the Finger Lakes region. At December $31,2027$ an analysis of the accou

and discussions with company officials revealed the following information: $(50,000$ shares of common stock outstanding$).$

Total income taxes $$97,900,$ including the tax effect of the discontinued operations loss, which amounted to $$27,000.$

Create an income statement, in proper form, for $2027.$