9 Flags Mini Theme Parks, Inc. provided you with the following data for their operating year ended December 31, 2020:Net sales $12,762,850Discontinued operations loss (before taxes) 3,410,000Cost of goods sold 5,105,000Interest expense 127,830Selling expenses 945,800Administrative expenses 1,235,090Shares of capital stock outstanding, 75,000Tax rate of 40% on all itemsRequired: Using a multiple-step format, prepare an income statement rounded to the nearest dollar for 9 Flags Mini Theme Parks, Inc. for the year ended December 31, 2020.
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