The income statement for Weatherford International Inc.$\text{'}$s year ended December $31,2023,$ was prepared by an inexperienced bookkeeper. As the new accountant, your immediate priority is to correct the statement. All amounts included in the statement are before tax $($assume a rate of $20\%).$ The company had $106,000$ common shares issued and outstanding throughout the year, as well as $21,200$ shares of $$1\mathrm{.}20$ cumulative preferred shares issued and outstanding. Retained earnings at December $31,2022,$ were $$331,800.$

$\backslash$table$[[\backslash$table$[[$Weatherford International Inc.$],[$Income Statement$],[$December $31,2023]],,,,],[$Revenues:$,,,,],[$Sales$,,167,000,,],[$Gain on sale of equipment,,$15,000,,],[$Interest income,,$6,840,,],[\backslash$table$[[$Interest Income$],[$Gain on sale of plant$]],,142,200,,],[$Operating profit on discontinued operation,,$29,340,,,360,380$