Cost$-$Volume$-$Profit Equation, Basic Concepts, Solving for Unknowns

Elvin Company produces hand cream in plastic jars. Each jar sells for $$5\mathrm{.}60.$ The variable cost for each jar $($materials$,$ labor, and overhead$)$ totals $$3\mathrm{.}92.$ The total fixed cost is $$64,200.$ During the most recent year, $70,000$ jars were sold.

Required:

$2.$ Prepare an income statement for Elvin$$s most recent year.