From the following information, prepare an income statement for Understory, Inc., for the year ended December 31,2012.

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Gross Sales Revenue. Income Taxes Cost of Goods Sold Sales Salaries Expense Rent Expense (selling). Payroll Tax Expense (selling) Entertainment Expense (selling) Miscellaneous Selling Expenses Miscellaneous General and Administrative Expenseserr, Automobile Expense (selling) Insurance Expense (general and administrative) --… . Interest Expense···· Interest Revenue Sales Returns Advertising and Promotion Expense. Insurance Expense (selling) Delivery Expense (selling) Office Supplies Expense (general and administrative) ..__... Utlities Expense (general and administrative) Administrative Salaries Expense Fire Loss (net of tax) $8,520,000 699,000 5,534,000 495,000 22,000 6,800 1,300 8,400 3,700 5,000 1,100 26,000 1,800 13,000 286,000 31,000 7,400 9,300 320,000 85,000