Presented below is information (in thousands) related to Hope Company Retained earnings, December 31, 2018 V 650,000 Sales revenue 1,400,000 Selling and administrative expenses 240,000 Loss on disposal of component (pre-tax) 260,000 Cash dividends declared on ordinary shares 33,600 Cost of goods sold 830,000 Gain resulting from computation error on depreciation charge in 2017 (pre-tax) 520,000 Rent revenue 120,000 90,000 Impaiment loss Interest expense 10,000 Instructions Prepare in good form an income statement for the year 2019. Assume a 30% tax rate and that there were 70,000 ordinary shares outstanding during the year