Sales revenue Cost of goods sold Answer is not complete. AXEL CORPORATION Income Statement For the Year Ended December 31, 2024 Gross profit Operating expenses: Selling expense Administrative expense $ 620,000 (340,000) 280,000 S 62,000 82,000 Total operating expenses Operating income 144,000 136,000 Other income (expense): Interest expense (19,000) Restructuring costs (58,000) Interest revenue 35,000 Gain on sale of investments 82,000 Total other income, net 40,000 Income before income taxes 176,000 Income tax expense (44,000) Net income 132,000