The following accounts are from Mizuko Limited's general ledger. All data are shown before tax.
Sales revenue ...................................................... $306,000
Interest revenue .................................................. 13,000
Operating expenses ........................................... 46,000
Gain on sale of vehicle .................................... 19,000
Loss on discontinued operations ...................... 10,000
Cost of goods sold ........................................... $199,000
Interest expense .............................................. 4,500
Required
Prepare a single-step income statement for the year ended December 31, 2017. Omit earnings per share. The income tax rate is 22 percent.