P$12-4$A$.$ The following income statement and balance sheets for Virtual Gaming systems are provided, Week $5$

VIRTUNL GANING SISIEMS

Income Statement

For the year ended December $31,2024$

Net sales

Cost of goods sold

Gross profit

Expenses:

Operating expenses

Depreciation expense

Loss on sale of land

Interest expense

Income tax expense

Total expenses

Net $$ncome