The following pretax amounts were obtained from the financial records of Wayne Company for 2018:
		Debit	Credit
Retained earnings (1/1/18)			847,000
Sales revenues			1,500,000
Rent revenue			380,000
Cost of goods sold		475,000
Selling and administrative expenses		259,000
Depreciation expense		250,000
Loss on change in accounting principal		202,000
Loss on sale of plant assets		105,000
Dividends declared		460,000
The companys tax rate is 35 percent

: Use the above information to prepare a complete, detailed income statement