Monty Corp. Income Statement For the Year Ended December 31, 2022 5ales Sales Revenue s 2,397,000 Sales Returns acod Allowances s 41000 Sales Discounts 8200 Net5ales Cont of Goodi Sold: Cross Profit 8200 Optrating Expenses Advertising Expense 32000 Deprecistichexperise 122000 Freighe-Out: 22,000 The following selected accounts from the Monty Corp's gencral ledger are presented below for the year ended December 31, 2022: \begin{tabular}{lrlr} Advertising expense & $52,000 & Interest revenue & $30,000 \\ Common stock & 247,000 & Inventory & 64,000 \\ Cost of goods sold & 1,082,000 & Rent revenue & 24,000 \\ Depreciation oxpense & 122,000 & Retained earnings & 532,000 \\ Dividends & 147,000 & Salaries and wages expense & 672,000 \\ Freight-out & 22,000 & Sales discounts & 8,200 \\ incometakexpense: & 67,000 & Sales returns and allowances & 41,000 \\ Insurance expense & 15,000 & Sales revenue & 2,397,000 \\ Interestexpense & 67,000 & & \end{tabular} Invirance Expense 15000 Salarintand Waces Exprose 872,000 1. TotalOperatine Expenses Insome From Operatioes Other Exoenies and Losises Intertst Reverue 30000 Rent Revenue 24,000 67.000 Net Other Comorehensive lncome / CLoss: Income Taxes Payable Incume befoce tocome Taxes \begin{tabular}{|c|c|c|} \hline & \multicolumn{2}{|c|}{13,000} \\ \hline & \multicolumn{2}{|c|}{419,000} \\ \hline & 67,000 & 1 \\ \hline$ & \multicolumn{2}{|c|}{352000} \\ \hline \end{tabular} Income Tre Eipente Net Iocome/(toss)