Lester Inc., a merchandiser, provided the following partial list of income statement categories and amounts for the fiscal year ended June 30: Income Statement Category Amount Operating Income Impairment loss on inventories Interest expense Cost of goods sold Sales revenue $31,412 2,200 930 70,500 141,900 The impairment loss on inventories (and not interest expense) is considered unusual and infrequent. Prepare an income statement beginning with Operating income. Assume an income tax rate of 25%. Ignore earnings per share disclosures. Note: Enter a negative sign ONLY for any amount classified as an Other Expense item. Lester Inc. Income Statement (Partial) For Fiscal Year Ended June 30 Operating income Other revenues (expenses) Impairment loss on inventories $ Income before income taxes $ Income tax expense Net income $