In 2018, Pear LTD, a company producing smart phones, generated 1,000,000 in revenues. At the beginning of 2018 the company had 100,000 worth of electronic components in stock. Subsequently, in the same year, the company spent a further 200,000 on electronic components. At the end of year 2018, 50,000 worth of electronic components remained in stock. Salary costs were 300,000 and an additional 60,000 was spent on marketing. 20,000 was paid as bank interest on loans and taxes were paid at a rate of 10%. Based on this information, produce an Income Statement.