Value Corporation,,, Income Statement,,, "Year Ended June 30, 2024",,, Net Sales Revenue,,,"$233,000" Cost of Goods Sold,,,"104,000" Gross Profit,,,"129,000" Operating Expenses:,,, ,Salaries Expense,"$48,000", ,Depreciation ExpensePlant Assets,"21,000", ,Advertising Expense,"12,000", ,Total Operating Expenses,,"81,000" Operating Income,,,"48,000" Other Income and (Expenses):,,, ,Dividend Revenue,"7,000", ,Interest Expense,"(2,500)", ,Total Other Income and (Expenses),,"4,500" Net Income Before Income Taxes,,,"52,500" Income Tax Expense,,,"7,500" Net Income,,,"$45,000"