Jodi's Chop Shop is a retail chain specializing in salon-quality hair-care products. During the year, Jodi's Chop ShopJodi's Chop Shop had sales of $ 39 comma 410 comma 000$39,410,000. The company began the year with $ 2 comma 865 comma 000$2,865,000 of merchandise inventory and ended the year with $ 3 comma 600 comma 000$3,600,000 of inventory. During the year, Jodi's Chop ShopJodi's Chop Shop purchased $ 23 comma 975 comma 000$23,975,000 of merchandise inventory. The company's selling, general, and administrative expenses totaled $ 7 comma 100 comma 000$7,100,000 for the year. Prepare Jodi's Chop Shop'sJodi's Chop Shop's income statement for the year