In the current year, Hudson Company had revenue and expense numbers of $$750,000$ and $$600,000,$ respectively, before income taxes and before the following item. The company had a gain of $$115,000$ that resulted from the passage of new legislation, which was favorable to the company and is considered unusual and infrequent for financial reporting purposes. A $35$ percent income tax rate applies to all items.

Prepare an abbreviated income statement for Hudson for the year. $($Enter all deductions with a minus sign.$)$

$\backslash$table$[[$HUDSON COMPANY$],[$Income Statement$],[$For Year Ended$],[$Revenues$,$$