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 2. Gain on sale of wholesale operation (net of $123,000 income taxes) 3. Loss from operating wholesale operation (net of $123,000 tax benefit) 4. Salaries expense 5. Sales 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 Debit Credit $163,500 $429,000 369,000 348,000 1,644,000 276,000 840,000 192,600 Operating expenses Total operating expenses Present a multiple-step income statement for 2023. GLENTEL INC. Income Statement For Year Ended December 31, 2023 Operating expenses: Total operating expenses Other revenues/expenses: Discontinued operations: $ 0