The following items and amounts were taken from Vaughn Manufacturing's 2022 income statement and balance sheet.

Cash

$ 89,782

Retained earnings

130,586

Cost of goods sold

464,763

Salaries and wages expense

122,044

Prepaid insurance

8,282

Inventory

68,490

Accounts receivable

93,719

Sales revenue

620,048

Notes payable

6,889

Accounts payable

52,351

Service revenue

5,093

Interest expense

2,000

Prepare an income statement forVaughn Manufacturingfor the year ended December 31, 2022.