The income statement, balance sheets, and additional information for Peterson Incorporated are provided. PETERSON INCORPORATED Income Statement. For the Year Ended December 31, 2024 Net sales. Gain on sale of land Total revenues Expenses: Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Net income $2,580,000 6,000 2,586,000 $1,640,000 613,000 31,000 32,000 78,000 2,394,000 $192,000