Current Attempt in Progress

In $2022,$ Oriole Corporation had net sales of $$595,000$ and cost of goods sold of $$356,000.$ Operating expenses were $$149,000,$ and interest expense was $$6,500.$ The corporation's tax rate is $20\%.$ The corporation declared preferred dividends of $$13,000$ in $2022,$ and its average common stockholders' equity during the year was $$178,000.$

$($a$)$

Your answer is correct.

Prepare an income statement for Oriole Corporation.

ORIOLE CORPORATION Income Statement

For the Year Ended December $31,2022$