Prepare income statement in good form.

Sales revenue		BD850,000
Dividends		32,300
Gain on recovery of insurance proceeds from earthquake loss (extraordinary)		38,500
		920,800
Less:
Selling expenses	BD101,100
Cost of goods sold	510,000
Advertising expense	13,700
Loss on obsolescence of inventories	34,000
Loss on discontinued operations	48,600
Administrative expense	73,400	780,800
Income before income tax		140,000
Income tax		56,000
Net income		BD 84,000