Ballentine Manufacturing produces and sells lawnmowers through a national dealership network. They purchase raw materials from a variety of suppliers, and all manufacturing and assembly work is performed at their plant outside of Kansas City, Missouri. They recorded the following costs for the year ending December 31, 2017. Administrative and Selling Expenses $420,000 Cost of Goods Sold 1,500,000 Rent on corporate headquarters 75,000 Marketing and Advertising 400,000 Sales Revenue 2,600,000 Straight-line depreciation on office equipment 100,000 Construct an income statement for Ballentine Manufacturing to reflect their net income for 2017.