An analysis of the transactions of Rutherford Company for the year ended December 31 yields the following information: sales revenue, $65,000; insurance expense, $4,300; interest income, $3,900; cost of goods sold, $28,800; salaries expense, $22,500; income taxes expense, $2,400; and loss on disposal of property, plant, and equipment, $1,200.

Income Statement For the year ending December 31 Sales revenue Interest income Net income Operating expenses Insurance expense Total operating expenses Income from Operations Other income and expenses: Total other income and expenses Income before income taxes $65,000 3,900 $68,900