In its income statement for the year ended December 31, 2022, Concord Corporation reported the following condensed data. Sataries and wages expenses $399,900 Loss on disposal of plant assets $71,810 Cost of goods sold 848,820 Sales revenue 1,900,600 Interest expense 59,640 Income tax expense 21,500 Interest revenue 55.900 Sales discounts 137,600 Depreciation expense 266,600 Utilities expense 94,600 (a) Concord Corporation Income Statement For the Year Ended December 31, 2022 Sales Sales Revenue 1900500 Less Sales Discounts 137600 Net Sales Cast of Goods Sold 8488 Gross Profit 9 399900 Operating Expenses Salaries and Wages Expense Depreciation Expense Utilities Expense 266600 600 Utese 9-4000 Net Income Los