Income: Sales Dividends Interest Bernie's Ltd. Income Statement For the Year ended December 31, 20x5 Gain on sale of PPE (Property Plant & Equipment) 682,000 22,000 29,000 19,000 752,000 Total income Expenses: Cost of goods sold Depreciation Wages 360,000 43,000 134,000 Interest 38,000 other expenses 41,000 Total expenses 616,000 Net income before income tax expense 136,000 Income tax expense 36,000 100,000 Net income after income tax expense Additional information: PPE purchases during 20X5 were $735,000 Issuance of mortgage payable during 20X5 $226.000 The company follows ASPE