Marin Corporation had sales of $2,760,000 for the year ended December 31, 2022. The unit selling price was $12. In making the sales, the company incurred the following costs and expenses.

		Variable		Fixed
Cost of goods sold		$579,000		$755,000
Selling expenses		128,000		59,000
Administrative expenses		259,000		78,000

Prepare a GAAP income statement.

MARIN CORPORATION GAAP Income Statement choose the accounting period For the Year Ended December 31, 2022For the Quarter Ended December 31, 2022December 31, 2022
select an income statement item Contribution MarginOperating ExpensesTotal Operating ExpensesNet Income/(Loss)SalesGross ProfitFixed CostsVariable CostsAdministrative ExpensesSelling ExpensesCost of Goods Sold				$enter a dollar amount
select an income statement item Administrative ExpensesVariable CostsCost of Goods SoldSalesFixed CostsSelling ExpensesNet Income/(Loss)Total Operating ExpensesGross ProfitContribution MarginOperating Expenses				enter a dollar amount
select a summarizing line for the first part Contribution MarginSelling ExpensesNet Income/(Loss)Cost of Goods SoldSalesVariable CostsOperating ExpensesGross ProfitFixed CostsAdministrative ExpensesTotal Operating Expenses				enter a total amount for the first part
select an opening section name Selling ExpensesContribution MarginSalesVariable CostsFixed CostsCost of Goods SoldTotal Operating ExpensesAdministrative ExpensesOperating ExpensesGross ProfitNet Income/(Loss):
select an income statement item Variable CostsCost of Goods SoldFixed CostsOperating ExpensesAdministrative ExpensesNet Income/(Loss)Selling ExpensesContribution MarginSalesTotal Operating ExpensesGross Profit		$enter a dollar amount
select an income statement item Contribution MarginGross ProfitSalesFixed CostsOperating ExpensesNet Income/(Loss)Selling ExpensesAdministrative ExpensesCost of Goods SoldVariable CostsTotal Operating Expenses		enter a dollar amount
select a closing section name Operating ExpensesFixed CostsContribution MarginTotal Operating ExpensesCost of Goods SoldGross ProfitVariable CostsAdministrative ExpensesNet Income/(Loss)SalesSelling Expenses				enter a total amount for this section
select a closing name for this statement Selling ExpensesGross ProfitCost of Goods SoldSalesTotal Operating ExpensesContribution MarginFixed CostsAdministrative ExpensesVariable CostsOperating ExpensesNet Income/(Loss)				$enter a total net income or loss amount