Please fix my income statement

Required information Music-Is-Us, Inc., is a supplier of musical instruments for professional and amateur musicians. The company's accountants make adjusting entries monthly, and they make all closing entries annually. The company is growing rapidly and prides itself on having no long-term liabilities. $ The company has provided the following trial balance dated December 31, 2015: 1,687,200 952,000 735,200 $ MUSIC-IS-US, INC. Income Statement For the Year Ended December 31, 2015 Sales Cost of goods sold Gross profit Bank service charges 240 Uncollectible accounts expense 8,900 Salary and wages expense 393,000 Office supplies expense Insurance expense 5,600 Utilities expense 3,400 Depreciation expense 47,000 $ 5.800 400 anse 790,000 MUSIC-IS-US, INC. TRIAL BALANCE DECEMBER 31, 2015 Cash $ 49,000 Marketable securities 34,000 Accounts receivable 126.000 Allowance for doubtful accounts Merchandise inventory 255.000 Office supplies 1,900 Prepaid insurance 6,160 1,794,000 Building and fixtures Accumulated depreciation Land 68,800 Accounts payable Unearned customer deposits Income taxes payable Capital stock Retained earnings Unrealized holding gain on investments Sales Cost of goods sold 952,000 Bank service charges 240 Uncollectible accounts expense 8.900 Salary and wages expense 393,000 Office supplies expense 400 Insurance expense 5,600 Utilities expense 3,400 Depreciation expense 47.000 Income tax expense 72,000 61,000 7,800 72,000 950.000 238,200 5,400 1,687,200 $ Income before income tax Income tax expense Net income 458,540 276,660 72,000 204,660 $