Clear Water Drinking Company manufactures high-quality drinking flasks and sold 201,000 flasks during the month of March at a total cost of $4,045,000. Each flask sold at a price of $50. Clear Water also incurred two types of selling costs: commissions equal to 5% of the sales price and other selling expense of $1,510,000. Administrative expense totaled $2,116,000.

Required:

Prepare an income statement for Clear Water for the month of March.