The income statement of Tamache Corporation is shown below: TAMACHE CORPORATION Statement of Income Year Ended December 31, 2020 Sales revenue $6,396,000 Cost of goods sold 3,900,000 Gross profit 2,496,000 Operating expenses $1,302,600 Depreciation expense 62,400 1,365,000 Profit before income tax $1,131,000 Income tax expense 395,850 Net income $735,150 Additional information: 1. Accounts receivable decreased $234,000 during the year. 2. Prepaid expenses increased $156.000 during the year. 3. Inventory decreased $312,000 during the year. 4. Accounts payable decreased $351,000 during the year. 5. Wages payable decreased $117.000 during the year. 6. Operating expenses included wages of $858,000. (a)