The incomplete income statement of Bridgeport Corp. follows.

The employee profit$-$sharing plan requires that $20\%$ of all profits remaining after the deduction of the bonus and income tax be

distributed to the employees by the first day of the fourth month following each year end. Bridgeport follows ASPE, the income tax

rate is $35\%,$ and the bonus is tax$-$deductible.

$(a)$