Show Attempt History Current Attempt in Progress Bramble Corporation began operations on January 1, 2020. Recently the corporation has had several unusual accounting problems related to the presentation of its income statement for financial reporting purposes. The company follows ASPE. You are an accountant for Bramble and have been asked to examine the following data: BRAMBLE CORPORATION Income Statement For the Year Ended December 31, 2023 Sales revenue $9,200,000 Cost of goods sold 5,720,000 Gross profit 3,480,000 Selling and administrative expense 1,258,000 Income before income tax 2,222,000 Income tax expense (40%) 888.800 Net income $1,333,200 This additional information was also provided: