During 2020, GlenTel Inc. sold its interest in a chain of wholesale outlets. This sale took the company out of the wholesaling business completely. The company still operates its retail outlets. Following are eight profit-related items: Credit Debit $ 161,000 $ 414,000 354,000 338,000 1. Depreciation expense 2. Gain on sale of wholesale operation (net of $128,000 income taxes) 3. Loss from operating wholesale operation (net of $118,000 tax benefit) 4. Salaries expense 5. Sales 6. Gain on expropriation of company property 7. Cost of goods sold 8. Income taxes expense 1,634,000 271,000 835,000 191,600 Present d muruple-step come Statement of 2020. Check GLENTEL INC. Income Statement For Year Ended December 31, 2020 Operating expenses Total operating expenses Other revenues/expenses Discontinued operations