9 Flags Mini Theme Parks, Inc. provided you with the following data for their operating year ended December 31, 2020:

Net sales......................................................................... $12,762,850

Discontinued operations loss (before taxes) .................... 3,410,000

Cost of goods sold......................................................... 5,105,000

Interest expense............................................................ 127,830

Selling expenses............................................................ 945,800

Administrative expenses.............................................. 1,235,090

Shares of capital stock outstanding, 75,000

Tax rate of 40% on all items

Required: Using a multiple-step format, prepare an income statement rounded to the nearest dollar for 9 Flags Mini Theme Parks, Inc. for the year ended December 31, 2020.

Note: when rounding to the nearest dollar, round up when .50 or above, therefore round down to the nearest dollar when .49 or below.