In 2020, Larkspur Fort Corporation had net sales of $560,000 and cost of goods sold of $315,000. Operating expenses were $91,500, and interest expense was $7,800. The corporation's tax rate is 30%. The corporation declared preferred dividends of $6,000 in 2020 , and its average common stockholders' equity during the year was $580,000. Prepare an income statement for Larkspur Fort Corporation. LARKSPUR FORT CORPORATION Income Statement $ $