In 2024 , Blossom Inc. sold 13,600 units of its product at an average price of $390 per unit. Blossom purchased 19,700 units of its product from its manufacturing supplier in 2024, at an average cost of $220 per unit. Operating expenses (excluding depreciation) for Blossom Inc. in 2024 were $422,000 and depreciation expense was $158,000. Blossom had $960,000 in debt outstanding for the full year, at an interest rate of 10 percent. Finally, Blossom's tax rate was 20 percent. Blossom's fiscal year runs from January 1 through December 31. Given this information, prepare Blossom's 2024 statement of income. Blossom Inc. Statement of Income $