Prepare an Income Statement using the following data for Spiritlight Ventures for the current fiscal year ended December 31

Net Sales................... $21,500,000

Cost of Merchandise Sold........... 10,900,000

Operating Expenses............... 6,300,000

Losses from Asset Impairment.......... 2,000,000

Restructuring Charge.............800,000

Income Tax Expense.............500,000

Loss on Discontinued Operations........200,000

Net Loss on Extraordinary Item.........100,000