The income statement, balance sheets, and additional information for Track Inc. are provided. Track Inc Income Statement. For the Year Ended December 31, 2019 Revenues Gain on sale of landi Total revenues Expenses: $300,000 10,000 310,000 Cost of goods sold 120,000 Operating expenses 25,000 Depreciation expense 47,000 Interest expense 16,000 Income tax expense Total expenses Net Income 12,000 220,000 $90,000