Shamrock Corporation had sales of $2,860,000 for the year ended December 31, 2022. The unit selling price was $11. In making the sales, the company incurred the following costs and expenses. Cost of goods sold Selling expenses Administrative expenses (a) Variable $634,000 125,000 242,000 Prepare a GAAP income statement. Fixed $770,000 59,000 73,000 SHAMROCK CORPORATION GAAP Income Statement

Shamrock Corporation had sales of $2,860,000 for the year ended December 31,2022 . The unit selling price was $11. In making the sales, the company incurred the following costs and expenses. (a) Prepare a GAAP income statement