Just Beachy is a retail business located on the coast of Florida where it sells a variety of beach apparel, T-shirts, and beach-related souvenir items. They purchase all of their inventory from wholesalers and distributors. For the year ending December 31, 2017, they reported these revenues and expenses. Using this information, prepare an income statement for Just Beachy for 2017.

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Sales revenue Building rent Advertising Sales staff salaries Cost of goods sold Utilities Supplies $685,000 48,000 50,000 85,000 315,000 23,000 9,000