QUESTION $4.$ The following PARTIAL trial balance for the Garcia Gomez Corporation is provided below: Selected Trial Balance Amounts at December $31,2023$ Accounts Debit Credit Net sales, excluding Restaurant Division $$10,750,000$ Net sales, Restaurant Division $2,200,000$ Cost of sales, excluding Restaurant Division $$5,920,000$ Cost of sales, Restaurant Division $1,650,000$ SG&A Expenses, excluding Restaurant Division $2,600,000$ SG&A expenses, Restaurant Division $660,000$ Interest revenue $65,000$ Gain on litigation settlement $200,000$ Gain on disposal of Restaurant Division $150,000$ Other data for the year ended December $31,2023$: $1.$ Tax rate on types of income, $21\%,$ and has been since $2017.2.$ The gain from litigation settlement is taxable and is considered to be unusual and infrequent. $3.$ The Restaurant Division was sold on October $31$ for $$2,950,000$ when the carrying value of the division was $$2,800,000.$ Remaining divisions are in consumer$-$packaged goods and pet food. $4.$ Garcia Gomez neglected to take depreciation of $$200,000$ in $2022.5.$ Retained earnings reported on the $2022$ balance sheet was $$12,250,000.6.$ The weighted$-$average shares of common stock outstanding for $2023,$ with a $$10$ par: $215,000$ shares. $$ Prepare the income statement and statement of retained earnings IN GOOD FORM for the year ending December $31,2023.$ Show your work when you need to compute a number to enter onto a statement. $($Excel would make this easier to amend if you forget something...$)$ QUESTION $4.$

The following PARTIAL trial balance for the Garcia Gomez Corporation is provided below:

$\backslash$table$[[$Selected Trial Balance Amounts at December $31,2023],[$Accounts$,$Debit,Credit$],[$Net sales, excluding Restaurant Division,,$$10,750,000$