Gossamer Secrets is a retail chain specializing in salon-quality hair care products. During the year, Gossamer Secrets had sales of $39,300,000. The company began the year with $3,350,000 of merchandise inventory and ended the year with $4,315,000 of inventory. During the year, Gossamer Secrets purchased $23,975,000 of merchandise inventory. The company's selling, general, and administrative expenses totaled $6,150,000 for the year. Prepare Gossamer Secrets' income statement for the year.