$[$The following information applies to the questions displayed below.$]$

Portions of the financial statements for Parnell Company are provided below.

$\backslash$table$[[\backslash$table$[[$PARNELL COMPANY$],[$Income Statement$],[$For the Year Ended December $31,],[($$ in thousands $)]],2024,],[$Revenues and gains:,,$],[$Sales$,$$$890,],[$Gain on sale of building,$11,$$$901],[$Expenses and loss:,,$],[$Cost of goods sold,$$345,],[$Salaries$,129,],[$Insurance$,53,],[$Depreciation$,132,],[$Interest expense,$59,],[$Loss on sale of equipment,$13,731],[$Income before tax,,$170],[$Income tax expense,,$85],[$Net income,,$$85]]$