A fx INNOVATION ELECTRONICS, INC. Income Statement For the Year Ended December 31, 2022 Net sales Gain on sale of land Total revenues $2,430,000 Expenses: Cost of goods sold Operating expenses $1,565,000 Depreciation expense 598,000 Interest expense 16,000 Income tax expense 17,000 Total expenses 63,000 D E A fx INNOVATION ELECTRONICS, INC. Income Statement For the Year Ended December 31, 2022 Net sales Gain on sale of land Total revenues $2,430,000 Expenses: Cost of goods sold Operating expenses $1,565,000 Depreciation expense 598,000 Interest expense 16,000 Income tax expense 17,000 Total expenses 63,000 D E