The following items are taken from the financial statements of Monty Company for the year ending December 31, 2022:

Accounts payable		$17,500
Accounts receivable		7,200
Accumulated depreciationequipment		4,600
Bonds payable		20,000
Cash		24,400
Common stock		25,300
Cost of goods sold		28,700
Depreciation expense		5,700
Dividends		5,500
Equipment		40,500
Interest expense		2,200
Patents		7,575
Retained earnings, January 1, 2022		8,725
Salaries and wages expense		6,300
Sales revenue		55,000
Supplies		3,050

MONTY COMPANY Income Statement For the Year Ended December 31, 2022 Sales Revenue 55,000 Cost of Goods Sold 28,700 Gross Profit 26,300 Dividends Depreciation Expense 5,700 Salaries and Wages Expense [ 6,300 1 Operating Expenses 12,000