The financial records of LeRoi Jones Inc. were destroyed by fire at the end of $2025.$ Fortunately, the controller had kept certain statistical data related to the income statement as follows.The beginning merchandise inventory was $$92,000$ and decreased $20\%$ during the current year.Sales discounts amount to $$17,00$R$\mathrm{.}20,000$ shares of common stock were outstanding for the entire year.Interest expense was $$20,000.$The income tax rate is $30\%.$Cost of goods sold amounts to $$500,000.$Administrative expenses are $20\%$ of cost of goods sold but only $8\%$ of gross sales.Four$-$fifths of the operating expenses relate to sales activities$\mathrm{.}7$From the foregoing information prepare an income statement for the year $2025$ in single$-$step form