L 2 3 4 Net sales 5 Gain on sale of land 6 Total revenues Expenses: Income Statement For the Year Ended December 31, 2022 $2,430,000 6,500 2,436,500 CO 8 Cost of goods sold $1,565,000 9 Operating expenses 598,000 10 Depreciation expense 16,000 11 Interest expense 17,000 2 Income tax expense 63,000 3 Total expenses 4 Net income 2,259,000 $177,500 5 6 7 B Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work. Nothing in this area will be graded, but it will be submitted with your assignment. Income Statement Balance Sheet Graded Worksheet Workbook Statistics