Pender Corp. paid $320,000 for a 30% interest in Saltspring Limited on January 1, Year 6 . During Year 6 , Saltspring paid dividends $116,000 and reported profit as follows: Pender's profit for Year 6 is calculated on $1,044,000 in sales, expenses of $116,000, income tax expense of $371,200, and its investment income from Saltspring. Both companies have an income tax rate of 40%. (b) Assume that Pender uses the cost method. (iii) Prepare an income statement for Pender for Year 6 . (Negative amounts and deductibles should be indicated by a minus sign. Omit $ sign in your response.)