Question - Walker Company had total revenue and expense numbers of $ 1,500,000 and $ 1,200,000, respec-tively, in the current year. In addition, the company had a gain of $ 230,000 that resulted from the passage of new legislation, which is considered unusual and infrequent for financial reporting pur-poses. The gain is expected to be subject to a 35 percent income tax rate. Prepare an abbreviated income statement for Walker for the year.