Parker Pool Supply, Inc Requirement:
Prepare an Income Statement for the Year Ended December

Parker Pool Supply, Inc. reported the following items for the year ended December 31, 2014: $$\begin{array} { | l | r | } \hline \text { Wages and salary expense } & \$ 527,000 \\\hline \text { Cost of goods sold } & 1,124,000 \\\hline \text { Rent expense } & 395,000 \\\hline \text { Sales revenue } & 2,564,000 \\\hline \text { Interest expense } & 30,000 \\\hline \text { Income tax expense } & 121,000 \\\hline \text { Accounts receivable } & 27,000 \\\hline\end{array}$$ Requirement:
Prepare an income statement for the year ended December 31, 2014.