In $2022,$ Pina Colada Corp. had net sales of $$610,000$ and cost of goods sold of $$352,000.$ Operating expenses were $$151,900,$ and interest expense was $$7,400.$ The corporation's tax rate is $32\%.$ The corporation declared preferred dividends of $$11,342$ in $2022,$ and its average common stockholders' equity during the year was $$158,000.$

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Prepare an income statement for Pina Colada Corp..

Pina Colada Corp. Income Statement

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