$\backslash$table$[[$Income Statement For the Year Ended December $31,2024],[$Net sales,,$$3,051,000],[$Cost of goods sold,,$1,953,000],[$Gross profit,,$1,098,000],[$Expenses:$,,],[$Operating expenses,$$861,000,],[$Depreciation expense,$27,000,],[$Loss on sale of land,$8,300,],[$Interest expense,$16,500,],[$Income tax expense,$$1,000,],[$Total expenses,,$963,800],[$Net incose,,$$134,200]]$

$\backslash$table$[[$VIRTUAL GNAING SYSTEMS Balance Sheets December $31],[,2024,],[2023],[,,],[$Cash$,$$$189,000,$$$147,000],[$Accounts receivable,$84,2$ee$,63,890],[$Inventory$,108,000,138,000],[$Prepaid rent,$12,390,6,360],[$Long$-$tern assets:$],[$Investment in bonds,$108,000,0],[$Land$,213,000,243,000],[$Equipment$,273,8$ee$,213,000],[$Less: Accumulated depreciation,$(72,000),(45,000)$