prepare income statement

\begin{tabular}{|l|r|} \hline Administrative expense: & \\ \hline Officers' salaries & $4,900 \\ \hline Depreciation of office furniture and equipment & 3,960 \\ \hline Cost of goods sold & 63,570 \\ \hline Rental revenue & 17,230 \\ \hline Selling expense: & \\ \hline Transportation-out & 2,690 \\ \hline Sales commissions & 7,980 \\ \hline Depreciation of sales equipment & 6,480 \\ \hline Sales & 96,500 \\ \hline Income tax & 7,580 \\ \hline Interest expense & 1,860 \\ \hline \end{tabular}