The following data were taken from the records of Village Corporation at December 31, 2011:
Sales revenue .......... $79,000
Gross profit ............ 28,000
Selling (distribution) expense ..... 7,000
Administrative expense ...... ?
Pretax income ............ 13,000
Income tax rate .......... 30%
Shares of stock outstanding ..... 3,500

Required:
Prepare a complete multiple-step income statement for the company (showing both gross profit and income from operations). Show all computations.