The following information is available concerning business transactions for a firm in $2020.$

Accrued interest $12/31/207,000$

Accrued interest $12/31/199,000$

Total purchases on credit across $202038,000$

Real estate market value $12/31/20986,000$

Real estate market value $12/31/19943,000$

Personal withdrawals from business $35,000$

Prepaid Expenses $12/31/2016,000$

Prepaid Expenses $12/31/1923,000$

Machinery & equipment book value $12/31/20195,000$

Machinery & equipment book value $12/31/19205,000$

Total depreciation claimed on $12/31/2046,000$

Accounts payable $12/31/2016,000$

Accounts payable $12/31/195,000$

Interest paid $26,000$

Principal payment on real estate loan $8,000$

Principal payment on machinery loan $16,000$

Cash operating expenses $124,000$

$($includes labor, fuel, seed, supplies, etc.$)$

Grain inventory $12/31/2095,000$

Grain inventory $12/31/1981,000$

Purchased new truck with cash $75,000$

Crop sales $197,000$

Operating Loan principal $12/31/20120,000$

Operating Loan principal $12/31/19150,000$

Using the information above, construct an accrual basis income statement for $2020$ in the space provided below. All information relevant to your statement is provided.