Same numbers

$\backslash$table$[[,\backslash$table$[[$VIDEO PHONES, INCORPORATED$],[$Income Statement$]],],[,$For the Year Ended December $31,2024,],[$Net sales,$$3,586,000,],[$Expenses:$,$$$2,400,000,],[$Cost of goods sold,$948,000,],[$Operating expenses,$36,000,],[$Depreciation expense,$8,900,],[$Loss on sale of land,$19,500,],[$Interest expense,$57,000,],[$Income tax expense,,$],[$Total expenses,,$],[$Net income,,$]]$

Additional Information for $2024$:

Purchased investment in bonds for $$114,000.$

Sold land for $$30,100.$ The land originally was purchased for $$39,000,$ resulting in a $$8,900$ loss being recorded at the time of the sale.

Purchased $$69,000$ in equipment by issuing a $$69,000$ long$-$term note payable to the seller. No cash was exchanged in the transaction.

Declared and paid a cash dividend of $$29,500.$