Pool Supply, Inc Required: Prepare an Income Statement for the Year

Pool Supply, Inc., reported the following items for the year ended December 31, 20X3: $$\begin{array} { | l | r | } \hline \text { Wages and salary expense } & \$ 825,000 \\\hline \text { Cost of goods sold } & 1,400,000 \\\hline \text { Rent expense } & 490,000 \\\hline \text { Sales revenue } & 3,417,000 \\\hline \text { Interest expense } & 50,000 \\\hline \text { Income tax expense } & 161,000 \\\hline \text { Trade receivables } & 25,000 \\\hline\end{array}$$ Required: Prepare an income statement for the year.