Current Attempt in Progress Here is the income statement for Teal Mountain Inc. TEAL MOUNTAIN INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $402.900 Cost of goods sold 256.700 Gross profit 146,200 Expenses (including $10,200 interest and $29.600 income taxes) 89,330 Net income $56,870 + Additional information: 1 Common stock outstanding January 1, 2022, was 30,000 shares, and 39.000 shares were outstanding at December 31, 2022. 2 The market price of Teal Mountain stock was $14.60 in 2022. 3. Cash dividends of $23,561 were paid, $6,500 of which were to preferred stockholders.