Using the above information, prepare the statement of Income

Question 10 of 10 Sandhill Grove Hardware has the following balances in the company ledgers for the year ending December 31: 0.23 / 1 Mortgage Payable Prepaid Insurance Short-term investments Common Shares Cash Advertising Accounts Receivable Sales revenue Accounts Payable Buildings (Net) Cost of Goods Sold Note Payable (due in 9 months) Retained Earnings (Beg Bal-Jan 1) $71,200 $1,600 $100 $13,600 $11,900 $45,500 $16,300 $601,000 $15,300 $98,400 $298,900 $13,300 $37,000 Interest Expense Land Office salaries Sales Salaries Supplies expense Insurance expense Depreciation expense Income tax expense Dividend Payments Interest Income Inventory $5,200 $22,000 $66,100 $96,300 $17,700 $14,800 $22,100 $9,600 $12,200 $10,000 $22,700