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. Required: Prepare an income statement for Slapshot for the month of June.