Given the following information, prepare, in good form, an income statement for the Nix Corporation. Use the corporate tax rates in Chapter 2 (13%) to calculate taxes. Nix is a CCPC manufacturer in Vancouver.

Selling and administrative expense ..................................... $ 70 ,000
Amortization expense ............................................................... 60,000
Sales ...........................................................................................485,000
Interest expense ....................................................................... 25 ,000
Cost of goods sold .................................................................. 205 ,000