Salon Cuts is a retail chain specializing in​ salon-quality hair-care products. During the​ year, Salon Cuts had sales of $39,235,000. The company began the year with $2,985,000 of merchandise inventory and ended the year with $3,785,000 of inventory. During the​ year, Salon Cuts purchased $23,010,000 of merchandise inventory. The​ company's selling,​ general, and administrative expenses totaled $5,775,000 for the year. Prepare income statement for the year.