Presented below is income statement information of the Schefter Corporation for the year ended December 31, 2021. Sales revenue Salaries expense $ 544,000 92,800 Interest revenue 7,600 Advertising expense 12,500 Gain on sale of investments 10,400 Cost of goods sold 299,200 Insurance expense 16,100 Interest expense 4,300 Income tax expense 47,000 Depreciation expense 28,000