2 points eBookHintPrintReferencesCheck my workCheck My Work button is now enabled12Item 2 Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement For the year ended December 31, 2024 Net sales $1,725,000 Expenses: Cost of goods sold $1,020,000 Operating expenses 530,000 Depreciation expense 47,000 Income tax expense 37,000 Total expenses 1,634,000 Net income $91,000 PEACH COMPUTER Selected Balance Sheet Data December 31 2024 2023