Novak Corporation had net sales revenue of $5,810,000 and investment revenue of $228,000 for the year...

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Novak Corporation had net sales revenue of $5,810,000 and investment revenue of $228,000 for the year ended December 31, 2020. Other items pertaining to 2020 were as follows: Cost of goods sold $4,630,000 Salaries and wages expense (sales) 369,000 Advertising expense 124,000 Entertainment expense 75,000 Selling expenses 568,000 Salaries and wages expense (administrative) 293,000 Rent expense 110,000 Utilities expense 44,000 Administrative expenses 447,000 Increase in value of company reputation 73,000 Unrealized gain on value of patents 38,000 Interest expense 152,000 Income tax expense 81,000 Novak has 100,000 common shares outstanding throughout the year. Novak Corporation had net sales revenue of $5,810,000 and investment revenue of $228,000 for the year ended December 31, 2020. Other items pertaining to 2020 were as follows: Cost of goods sold $4,630,000 Salaries and wages expense (sales) 369,000 Advertising expense 124,000 Entertainment expense 75,000 Selling expenses 568,000 Salaries and wages expense (administrative) 293,000 Rent expense 110,000 Utilities expense 44,000 Administrative expenses 447,000 Increase in value of company reputation 73,000 Unrealized gain on value of patents 38,000 Interest expense 152,000 Income tax expense 81,000 Novak has 100,000 common shares outstanding throughout the year.