Current Attempt in Progress Bridgeport Corp.'s income statement contained the condensed information below. Bridgeport Corp. Income Statement For the Year Ended December 31, 2022 Service revenue $2,716,000 Operating expenses, excluding depreciation $1,719,200 Depreciation expense 154,000 Loss on disposal of plant assets 44,800 1,918,000 Income before income taxes 798,000 Income tax expense Net income 156,800 $641,200 Bridgeport Corp's balance sheets contained the following comparative data at December 31. 2022 2021