Healthy hair is a retail chain specializing in salon quality hair care products. Duting thisy year.Healthy hair had sales of 38,380,000. The company began the year with 2,985,000 of merchandising

inventory and ended the year with 3,785,000 of inventory. During the year, Healthy hair purhased 23,540,000 of merchandise inventory. The companys selling ,general and administrative expenses totalled

6,125,000 for the year.

Prepare Healthys Hair's income statement for the year.