E$5\mathrm{.}10($LO $4)($Prepare statement of income.$)$ The following selected accounts from Blue Door Corporation's general ledger are presented below for the year ended December $31,2024$:

$\backslash$table$[[$Accounts receivable,$$265,000,$Income tax expense,$70,000],[$Accumulated depreciation$-$equipment,$764,500$ Insurance expense,$23,000,],[$Advertising expense,$55,000$ Interest expense,$62,000,],[$Common shares,$250,000$ Interest income,$30,000,],[$Cost of goods sold,$1,172,000$ Inventory,$97,000,],[$Deferred revenue,$18,000$ Prepaid expenses,$31,000,],[$Depreciation expense,$125,000$ Refund liability,$19,000,],[$Dividends declared,$150,000$ Rent income,$24,000,],[$Equipment$,1,450,000$ Retained earnings,$535,000,],[$Freight out,$25,000$ Salaries expense,$705,000,],[,,$Sales,$2,589,500$