Seasalt Corporation had net sales of $4,250,000 and interest revenue of $84,000 during 2022. Expenses for 2019 were cost of goods sold $2,980,000; selling expenses $462,000; administrative expenses 560,000; and interest expense $26,500. Seasalt's tax rate is 40%. The corporation has 500,000 ordinary shares authorized and 50,000 shares issued and outstanding during 2022. Prepare an income statement for the year ended December 31, 2022. SEASALT CORPORATION Income Statement