Procter & Gamble Co.:

• Revenue: $80,187,000
• Cost of Goods Sold (COGS): $38,000,000
• Research and Development Expenses: $5,000,000
• Selling, General, and Administrative Expenses (SG&A): $15,000,000
• Interest Expense: $1,000,000
• Other Income: $900,000
• Income Tax Expense: $7,500,000

Prepare the profit and loss account and calculate the net income for Procter & Gamble Co.