16 Saved Help The income statement, balance sheets, and additional information for Vioja Tele Ltd. are provided below: VIOJA TELE INC Income Statement For the year ended December 31, 2020 Net Sales $ 2,520,000 Cost of goods sold 1,746,000 Gross Profit 774,000 Operating Expenses Depreciation expense 87,000 Other operating expenses 237,000 Operating Income 450,000 Gains and Losses Gain on sale of land 11,700