Tungsten Company, Incorporated, sells heavy construction equipment. There are $15,000$ shares of capital stock outstanding. The annual fiscal period ends on December $31.$ The following condensed trial balance was taken from the general ledger on December $31,$ Current Year:

$\backslash$table$[[$Account Titles,Debit,Credit$],[$ACevami$,$$$35,000,],[$Accounts receivable $($net$),16,000,],[$Inventory$,$ ending,$\backslash$table$[[52,800],[40,200]],],[,,$$$17,700$

Please prepare an income statement for Tungsten comp. Incorp.