Presented below are selected ledger accounts of Spock Corporation at December 31, 2008.

Spock's effective tax rate on all items is 34%. A physical inventory indicates that the ending inventory is $686,000.

Instructions
Prepare a condensed 2008 income statement for SpockCorporation.

S 185,000 Sales salaries 535,000 Office salaries 4.275,000 Purchase returns Advances from customers 2,786,000 Transportation-in Sales discounts Purchase discounts Travel and entertainment-sales Accounting and legal services 34,000 Accounts receivable 27,000 Sales commissions 69,000 33,000 24,000 54.000 93.000 Telephone-sales Utilities-office Miscellaneous office expenses Rental revenue Extraordinary loss (before tax) Depreciation of office equipment 48,000 Interest expense Depreciation of sales equipment 36,000 Common stock ($10 parj)