Sheffield Corp's income statement for the year ended December 31, 2023, had the following condensed information: Service revenue $759,100 Operating expenses (excluding depreciation) $488,000 Depreciation expense 58,000 Unrealized loss on FV-NI investments 4,500 Loss on disposal of equipment 12,600 563,100 Income before income tax 196,000 Income tax expense 61,000 Net income $135,000 There were no purchases or sales of trading (FV-NI) investments during 2023. Sheffield's statement of financial position included the following comparative data at December 31: 2023 2022 FV-NI investments $22,000 $26,500 Accounts receivable 35,200 54,500 Accounts payable 45,300 31,200 Income tax payable 6,800 8,700