Ocean Corporation's accounting records include the following items, listed in no particular order, at December $31,2025$:

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The income tax rate for Ocean Corporation is $39\%.$ Prepare Ocean Corporation's income statement for the year ended December $31,2025.$ Omit earnings per share. Use a multi$-$step format.

Prepare the income statement through the income before taxes, then complete the income statement through the net income. $($Use parentheses or a minus sign to enter other expenses.$)$