In its income statement for the year ended December 31, 2022, Kingbird, Inc. reported the following condensed data. Salaries and wages expenses $548,700 Loss on disposal of plant assets $98,530 Cost of goods sold 1,164,660 Sales revenue 2,607,800 Interest expense 85,200 Income tax expense 29,500 Interest revenue 76,700 Sales discounts 188,800 Depreciation expense 365,800 Utilities expense 129,800 Kingbird, Inc. Income Statement $