Wu Company

Income Statement

For the Year Ended December $31,2022$

Sales

Cost of goods sold

Gross margin

Operating expenses $($including depreciation

expense of $$46,800)$

Income from operations

Other income $($expenses$)$

Gain on sale of furniture

Interest Expense

Income before income taxes

Income tax expense

Net Income

$\backslash$table$[[\backslash$table$[[7,000],[(23,200)$