The Wizard's Corner, a company that sells video games and related items, had the following account balances at the end of June 2020:

Cost of goods sold $104,000

Common shares 35,000

Advertising expense 5,700

Equipment 13,200

Depreciation expense 1,320

Dividends declared 3,500

Accounts payabl e 11,100

Inventory

23,600

Wages expense 30,300

Sales revenue 197,600

Accounts receivable 11,900

Rent expense 13,500

Cash 60,880

Prepaid rent 5,100

Wages payable 7,400

Retained earnings (as at July 1, 2019) 21,900

Prepare a statement of income for the year ended June 30, 2020. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

The Wizard's Corner Statement of Income $ $