During $2023,$ GlenTel Inc. sold its interest in a chain of wholesale outlets. This sale took the company out of the wholesaling business completely. The company still operates its retail outlets.

Following are eight profit$-$related items:

Debit Credit

$1.$ Depreciation expense $ $163,000$

$2.$ Gain on sale of wholesale operation $($net of $$124,000$ income taxes$)$ $ $426,000$

$3.$ Loss from operating wholesale operation $($net of $$122,000$ tax benefit$)366,000$

$4.$ Salaries expense $346,000$

$5.$ Sales $1,642,000$

$6.$ Gain on expropriation of company property $275,000$

$7.$ Cost of goods sold $839,000$

$8.$ Income taxes expense $192,400$

Present a multiple$-$step income statement for $2023.$