Problem
In 2024, a company sold 14100 units of its product at an average price of 350 per unit. a company purchased 20400 units of its product from its manufacturing suppliers in 2024, at an average cost of 210 per unit. Operating expenses (excluding depreciation) for the company were 364000 and depreciation expense was 153000. The company had 1000000 in debt outstanding for the full year, at an interest rate of 10 percent. Finally the company's tax rate was 20 percent. The company's fiscal year runs from January 1 through December 31. Given this information, create a statement of income for 2024.