Lazer Industries, Inc. manufactures medical equipment parts and accessories. Assume all amounts are pre-tax and a 30% tax rate for 2014.

Sales $1,200,000

Interest expense 150,000

Return from customers 100,000

Rent expense 450,000

Cost of goods sold 300,000

Other selling, general, and administrative expenses 170,000

Extraordinary loss 230,000

Goodwill impairment 20,000 Required: Provide a condensed income statement for Lazer Industries, Inc. based on the available information. Include all subtotals needed (appropriately labelled) to present your income statement in good form.