Irvine Corporations fiscal year-end is December 31, 2024. The following is a partial listing of adjusted account balances as of December 31. Accounts Balance Retained Earnings $19,000 Dividends 1,900 Sales Revenue 39,000 Interest Revenue 4,900 Cost of Goods Sold 13,900 Rent Expense 4,900 Advertising Expense 1,900 Insurance Expense 9,900 Interest Expense 3,900 Required:

Based on the information above, prepare the Income Statement for Irvine Corporation for December 31, 2024. Transfer balances of temporary accounts to Retained Earnings and calculate its ending balance.