$$Cost of goods sold$185500$Gross profitOperating expenses$71020,25440,$Profit from operations$45580$Interest expense$3180$Profit before income tax$42400$Income tax expense$8480$Profit for the yearThe $$33920$Additional Information:$1.$Dividends declared and paid were $$21,200.$ Crane reports under IFRS and does not report dividends as operating activities$\mathrm{.}2.$During the year, equipment was sold for $$9,010$ cash. This equipment cost $$19,080$ originally and had a carrying value of $$9,010$ at the time of sale$\mathrm{.}3.$All depreciation expense, $$15,370,$ is included in the operating expenses$\mathrm{.}4.$All sales and purchases are on acco