Bridgeport Corporation had net sales revenue of $5,830,000 and investment revenue of $224,000 for the year ended December 31, 2020. Other items pertaining to 2020 were as follows: Cost of goods sold $4,630,000 Salaries and wages expense (sales) 413,000 Advertising expense 123,000 Entertainment expense 81,000 Selling expenses 617,000 Salaries and wages expense (administrative) 290,000 Rent expense 109,000 Utilities expense 40,000 Administrative expenses 439.000 Increase in value of company reputation 72,000 Unrealized gain on value of patents 37,000 Interest expense 158,000 Income tax expense 87,000 Bridgeport has 100,000 common shares outstanding throughout the year