The following items and amounts were taken from Ivanhoe Inc.'s 2025 income statement and balance sheet. Cash $87,600 Accounts receivable $88,700 Retained earnings 121,100 Sales revenue 587,700 Cost of goods sold 437,800 Notes payable 6,200 Salaries and wages expense 116,700 Accounts payable 54,700 Prepaid insurance 7,900 Service revenue 4,900 Inventory 64,100 Interest expense 1,700 Prepare an income statement for Ivanhoe Inc. for the year ended December 31, 2025. IVANHOE INC. Income Statement December 31, 2025 IVANHOE INC. Income Statement December 31, 2025 1