The information below relates to the operations of Wildhorse Corporation for the year ended December 31, 2017.

Cost of goods sold		$349,000
Interest expense		2,490
Sales returns & allowances		9,170
Accounts Payable		120,278
Sales discounts		3,992
Depreciation expense		284,520
Sales Revenue		982,396
Salaries & Wages		163,652
Prepaid expenses		3,430
Rent expense		39,300
Loss-due to fire		8,398
Rental revenue		25,900

Additional information:

The effective tax rate is 40%.

Prepare a single-step income statement in good form by nature. (Round answers to 0 decimal places, e.g. 5,275.)