In its income statement for the year ended December 31, 2017, Marin Inc. reported the following condensed data.

Operating expenses		$ 565,500		Interest revenue		$ 25,740
Cost of goods sold		979,680		Loss on disposal of plant assets		13,260
Interest expense		54,600		Net sales		1,716,000
Income tax expense		36,660		Other comprehensive income (net of $940 tax)		6,470

MARIN INC. Income Statement For the Year Ended December 31, 2017 $ Sales Revenue Total Revenues GA $