Prepare an income statement using the following data for New Orleans Adventures for the year ended December 31: Sales $24,500,000 Cost of goods sold $10,900,000 Operating expenses $6,300,000 Income...

Prepare an income statement using the following data for New Orleans Adventures for the year ended December 31:

Sales $24,500,000

Cost of goods sold $10,900,000

Operating expenses $6,300,000

Income tax expense $500,000

Loss on discontinued operations $90,000