Stacy Corporation had income from operations of $7,200,000. In addition, it suffered anunusual and infrequent pretax loss of $770,000 from a volcano eruption, interest revenueof $17,000, and a write-down on buildings of $53,000. The corporation's tax rate is 30%.Prepare a partial income statement for Stacy beginning with Income from operations.The corporation had 5,000,000 shares of common stock outstanding during 2017