Sheridan Company's income statement contained the followingcondensed information.

SHERIDAN COMPANY Income Statement

Fohthe Year Ended December $31,2022$

Service revenue

$$970,600$

Operating expenses, excluding depreciation $,$$$623,400$

Depreciation expense

$55,300$

Loss on disposal of plant assets

$25,600$

Income before income taxes

$\backslash$table$[[266,300],[40,100],[$$$226,200$