Depreciation expense for the year was $15,700. In addition, Stein Books borrowed $104,000 on January 1, 2010, on which the company paid 19 percent interest. Both the interest and principal of the loan were paid on December 31, 2010. The publishing firm’s tax rate is 30 percent.
Prepare an income statement for Stein Books. (Input all amounts as positive values. Omit the "$" sign in your response.)
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