1. Boyz II Men Corporation had income before income taxes for 2004 of $7,300,000. In addition, it suffered an unusual and infrequent pretax loss of $770,000 from a volcano eruption. The corporation's tax rate is 30%. Prepare a partial income statement for Boyz II Men beginning with income before income taxes. The corporation had 5,000,000 shares of common stock outstanding during 2004.