Trim and Perm is a retail chain specializing in salon-quality hair care products. During the year, Trim and Perm had sales of $38,380,000. The company began the year with $2,865,000 of merchandise inventory and ended the year with $3,600,000 of inventory. During the year, Trim and Perm purchased $23,600,000 of merchandise inventory. The company's selling, general, and administrative expenses totalled $6,130,000 for the year. Prepare Trim and Perm's income statement for the year