For Glad Rags Shops, the Following Information Is Available for the Year

For Glad Rags Shops, the following information is available for the year ended December 31, 2014: $$\begin{array} { | l | r | } \hline \text { Sales revenue } & \$ 4,200,000 \\\hline \text { Cost of goods sold } & 2,650,000 \\\hline \text { Salaries expense } & 500,000 \\\hline \text { Rent expense } & 300,000 \\\hline \text { Administrative expense } & 250,000 \\\hline \text { Dividends declared } & 10,000 \\\hline\end{array}$$ The income tax is $150,000.
Requirement:
Prepare an income statement for Glad Rags Shops.