Portions of the financial statements for a company are provided below.

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$\backslash$table$[[$A COMPANY,,$],[$Income Statement,,$],[$For the year ended December $31,2024,,],[$Net sales,,$],[$Expenses:$,$$$1,100,000,],[$Cost of goods sold,$610,000,],[$Operating expenses,$55,000,],[$Depreciation expense,$45,000,],[$Income tax expense,,$1,810,000$