In its income statement for the year ended December 31, 2022, Swifty Corporation reported the following condensed data. Operating expenses $711,000 Interest revenue $24,000 Cost of goods sold 1,247,000 Loss on disposal of plant assets 8,000 Interest expense 61,000 Net sales 2,191,000 Income tax expense 38,000 Other comprehensive income (net of $1,200 tax) 7,400