Question 4 of 5 > Current Attempt in Progress Indigo Corporation's income statement contained the condensed information below. Indigo Corporation Income Statement For the Year Ended December 31, 2022 Service revenue $1,358,000 Operating expenses, excluding depreciation $859,600 Depreciation expense 77,000 Loss on disposal of plant assets 22,400 959,000 Income before income taxes 399,000 Income tax expense Net income 78,400 $320,600 Indigo Corporation's balance sheets contained the following comparative data at December 31.