Firm M generated Gross Sales of $ 6,000,000 for year ended December 31, 2014. Sales Discounts totaled $ 100,000 and Net Sales totaled $ 5,780,000. Gross Profit for the year totaled $ 3,468,000, and Operating Expenses totaled $ 600,000. Interest Expense totaled $ 200,000, and Net Income was $ 1,067,200. Based upon this information, please present an Income Statement for Firm M. Please perform ratio analysis also.