In the current year, a company sold $($discontinued$)$ its physical stores, taking the company's business entirely online.

Item Debit Credit

Other selling, general, and administrative expenses $$182,000$

Net sales $ $2,970,000$

Cost of goods sold $ $1,515,724$

Income tax expense $206,000$

Depreciation expense $99,000$

Income from operating physical store segment, net of tax $757,500$

Loss from sale of physical store segment, net of tax $479,000$

Loss of assets from earthquake damage to distribution center $384,000$

Prepare the December $31$ year$-$end income statement.

Note: Loss amounts should be indicated with a minus sign.