Total Assets	$7,082,500
Total Liabilities		1,700,000
Common Stock		1,250,000
Additional Paid in Capital		2,097,500
Donated Capital		90,000
Ret. Earnings 1/1/Year4		1,650,000
Net Sales		6,250,000
Cost of Sales	3,750,000
Selling & Adm Expenses	1,212,500
Interest Expense	122,500
gain on sale of LT Investments		130,000
Income Tax Expense	300,000
Loss on Disposition of Plant Assets	225,000
Loss due to Earthquake Damage	475,000

Pucket Corp. is in the process of preparing its financial statements for the year ended December 31, Year4. Before closing the books, it prepared the above Condensed Trial Balance Sheet.

Other financial data for the year ended December 31, Year 4:

- Sales returns and allowances equaled $215,000, and sales discounts taken were $95,000.

- Estimated federal income tax payments were $200,000 and accrued federal income taxes equaled $100,000. The total charged to income tax expense does not properly reflect current or deferred income ta expense or interperiod income tax allocation for income statement purposes. The enacted tax rate on all types of taxable income for the current and future years is 30%. The alternative minimum tax is less than the regular income tax.

- Interest expense includes 6% interest on 20 year bonds issued at their face amount of $1,500,000.

- A $90,000 excess of carrying amount over tax basis in depreciable assets arose from receipt of a contribution of equipment by a local government on December 31, Year 4. it is expected to be depreciated over 5 years beginning in Year 5. There were no temporary differences prior to Year 5.

- Officer's Life insurance expense (not tax deductible) is $70,000.

- The earthquake damage is considered unusual and infrequent, but the disposition of plant assets is considered infrequent but not unusual. Moreover, the disposition of plant assets was not a disposal of a component of an entity.

- The shares of common stock ($5 par) traded on a national exchange:

Outstanding at 1/1/Year 4	200,000
Issued on 3/30 Year 4 as 10% Stock Dividend	20,000
Issued Shares for $25 per share on 6/30/Year 4	30,000
Outstanding at 12/31/Year 4	250,000

- Puckett declared a $1.25 common stock dividend on December 28, Year 4.

Using this information enter the correct amounts for Pucket Corporation's income statement for the year ended December 31, Year 4.

Net Sales
Cost of Sales
Gross Profit
Selling & Administrative Expenses
Income from Operations
Other Revenues and Gains:
Gain on Sale of LT Investments
Other Expenses and Losses:
Interest Expense
Loss on Disposition of Plant Assets
Income from continuing operations before income tax
Income Tax Expense:
Current Tax Expense
Deferred Tax Expense
Income Before Extraordinary Item
Extraordinary item-loss from Earthquake(net of applicable taxes)
Net Income

(if you could show all calculations as well that would be awesome!)