Use the Following 2007 Data to Prepare an Income Statement

Use the following 2007 data to prepare an income statement for Kvass,Inc.
$\begin{array}{lr}\text { Other Selling and Administrative Expenses } & \$ 1,050,300 \\\text { Other Expenses } & 247,600 \\\text { Sales Revenue } & 4.885,300 \\\text { Advertising and Promotion Expenses } & 552,500 \\\text { Wages Expense } & 2,524,400 \\\text { Income Tax Expense } & 166,500 \\\text { Interest Expense } & 113,900\\\text { Account Payable } & \\\text { Account Receivable } & \\\text { Interest Payable } &\end{array}$