The income statement of lCrane Company.r is shown below: CRANE COMPANY Income Statement For the Year Ended December 31, 2022 Sales $ 8,830,000 Cost of goods sold 5,300,000 Gross prot 3,530,000 Operating expenses Selling and administrative expenses $ 1,230,000 Depreciation expense 88,000 Amortization expense 31,000 1,34 9,000 $ Net Income 2,181,000