[The following information applies to the questions displayed below.]

Sage Inc. experienced the following transactions for 2018, its first year of operations:

Issued common stock for $50,000 cash.

Purchased $140,000 of merchandise on account.

Sold merchandise that cost $110,000 for $250,000 on account.

Collected $236,000 cash from accounts receivable.

Paid $118,000 on accounts payable.

Paid $50,000 of salaries expense for the year.

Paid other operating expenses of $28,000.

Sage adjusted the accounts using the following information from an accounts receivable aging schedule:

Number of Days Past Due	Amount			Percent Likely to Be Uncollectible		Allowance Balance
Current	$	10,000		0.01
030		2,000		0.05
3160		1,200		0.10
6190		500		0.20
Over 90 days		300		0.50
What is the income statement???