Slapshot Company makes ice hockey sticks and sold 1,700 sticks during the month of June at a total cost of $408,000. Each stick sold at a price of $400. Slapshot also incurred two types of selling costs: commissions equal to 10% of the sales price and other selling expense of $63,100. Administrative expense totaled $53,800.

Refer to the list below for the exact wording of labels or amount descriptions on the income statement.

Labels
Add
For the Month of June
June 30
Less
Selling expenses
Amount Descriptions
Administrative expenses
Commissions
Cost of goods manufactured
Cost of goods sold
Fixed selling expenses
Gross margin
Operating income
Operating loss
Purchases
Sales revenue
Total selling expenses

Prepare an income statement for Slapshot for the month of June. Refer to the list of Labels and Amount Descriptions for the exact wording of text entries on the income statement. Be sure to complete the statement heading.