Pharoah Grove Hardware has the following balances in the company ledgers for the year ending December 31: Mortgage Payable $80.200 Interest Expense $10,300 Prepaid Insurance $2,000 Land $20,400 Short-term investments $4.100 Office salaries $67.800 Common Shares $18,600 Sales Salaries $98.700 Cash $34,600 Supplies expense $17.100 Advertising $51,500 Insurance expense $7.000 Accounts Receivable $14.200 Depreciation expense $16.100 Sales revenue $595,600 Income tax expense $8,500 Accounts Payable $11.800 Dividend Payments $9,300 Buildings (Net) $96.300 Interest Income $19,000 Cost of Goods Sold $301,800 Inventory $15.000 Note Payable (due in 9 months) $11,900 Retained Earnings (Beg Bal-Jan 1) $37.600 Using the above information, prepare the statement of income