cash flows problem 5-40 chapter 5 LO3 provide the following income statement for the ended december 31 2013 sales 1,530,600 , cost of goods sold 895,400, gross margin 635,200, general expense 255,400 Deprreciation Expense 23,500. Salaries expense114,300, operating income 242,000, interes revenue 17,250, interes expense 12,500, loss on sale of equipment 9,500 income before income taxes 237,250, income tax expense 85,500, net income 151.750