You are provided with the following information for Sheridan Company, effective as of its April $30,2025,$ year$-$end. Create an Income Statement.

Accounts payable $ $878$

Accounts receivable $910$

Accumulated depreciation$$equipment $560$

Cash $1,360$

Common stock $16,400$

Cost of goods sold $1,080$

Depreciation expense $390$

Dividends $320$

Equipment $2,600$

Goodwill $1,800$

Income tax expense $170$

Income taxes payable $125$

Insurance expense $250$

Interest expense $530$

Inventory $940$

Investment in land $13,795$

Land $3,400$

Mortgage payable $($long$-$term$)4,300$

Notes payable $($short$-$term$)62$

Prepaid insurance $60$

Retained earnings $($beginning$)1,800$

Salaries and wages expense $850$

Salaries and wages payable $230$

Sales revenue $5,900$

Stock investments $($short$-$term$)1,800$