Gold Manufacturing Inc. is a manufacturer of electric pencil sharpeners. The following is information regarding Gold Manufacturing for the fiscal year-end, May 31, 2000:

\begin{tabular}{|c|c|}

\hline Beginning finished goods inventory. & $\$ 55,000$ \\

\hline Ending finished goods inventory . & $42,000 \quad$ \\

\hline Interest expense. . . & 28,000 \\

\hline Selling and administrative expenses . . . . . . . . & 72,000 \\

\hline Sales revenue . . . . . . . . . . . . & 425,000 \\

\hline Direct materials used . . . & 52,000 \\

\hline Direct labor & 63,000 \\

\hline Manufacturing overhead . . & $32,00 \quad$ \\

\hline

\end{tabular}

Assume a tax rate of 33 percent. Prepare a pro-forma income statement for the year ended May 31, 2000, for Gold Manufacturing Inc.