Home Realty, Incorporated, has been operating for three years and is owned by three owns 60 percent of the total outstanding stock of 9,000 shares and is the managing December 31. the following financial items for the entire year were determined: sales salaries and wages expense. $109,000; interest expense. $7, 500; advertising expenses. income tax expense. $19, 700. Also during the year, the company declared and paid the amounting to $15,000. Prepare the company's income statement