Hicks Products produces and sells patio furniture through a national dealership network. They purchase raw materials from a variety of suppliers and all manufacturing, and assembly work is performed at their plant outside of Cleveland, Ohio. They recorded these costs for the year ending December 31, 2017. Construct an income statement for Hicks Products, to reflect their net income for 2017.

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Sales revenue Straight-line depreciation on office equipment Advertising and marketing expense Administrative salaries Cost of goods sold Rent on corporate headquarters $3,100,000 90,000 625,000 136,000 1,700,000 65,000