Intel Corporation's financial information for the year ending December 31, 2023, is as follows:

Item	Amount
Beginning Inventory	$100,000
Purchases	$600,000
Ending Inventory	$80,000
Sales Revenue	$900,000
Operating Expenses	$250,000
Interest Expense	$40,000
Tax Expense	$60,000

Prepare the cost of goods sold section and the income statement for Intel Corporation for the year ending December 31, 2023.