Ontario Furniture Inc. provided the following data from the company's records for the year ended November 30, 2020. Income Statement Revenues: Sales revenue $688,700 Dividend revenue 16,700 Total revenue 705,400 Expenses and losses Cost of goods sold 390,800 Salary and wages expense 135,300 Depreciation expense 18,900 Other operating expense 42,400 Interest expense 25,700 Income tax expense 18,500 Loss on sale of investments 3.800 Total expenses and losses 635.400 $ 70,000 Net income: And the following information as at November 30, 2020