During 2023, 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: 1. Depreciation expense k 2. Gain on sale of wholesale operation (net of $124,000 income taxes) 3. Loss from operating wholesale operation (net of $122,000 tax benefit) 4. Salaries expense Debit $163,000 Credit $ 426,000 366,000 346,000 5. Sales ces 6. Gain on expropriation of company property 7. Cost of goods sold 8. Income taxes expense Present a multiple-step income statement for 2023. GLENTEL INC. Income Statement For Year Ended December 31, 2023 1,642,000 275,000 839,000 192,400