The following are selected ledger accounts of spock corporation at december 31, 2014.cash $188,060 salaries and wages expense (sales) $287,060inventory 538,060 salaries and wages expense (office) 349,060sales revenue 4,278,060 purchase returns 18,060unearned sales revenue 120,060 sales returns and allowances 82,060purchases 2,789,060 freight-in 75,060sales discounts 37,060 accounts receivable 145,560purchase discounts 30,060 sales commissions 86,060selling expenses 72,060 telephone and internet expense (sales) 20,060accounting and legal services 36,060 utilities expense (office) 35,060insurance expense (office) 27,060 miscellaneous office expenses 11,060advertising expense 57,060 rent revenue 243,060delivery expense 96,060 extraordinary loss (before tax) 73,060depreciation expense (office equipment) 51,060 interest expense 179,060depreciation expense (sales equipment) 39,060 common stock ($10 par) 903,060spocks effective tax rate on all items is 30%. a physical inventory indicates that the ending inventory is $689,060.prepare a condensed 2014 income statement for spock corporation. round to the nearest two decimals.