The income statement, balance sheets, and additional information for Virtual Gaming Systems are provided VIRTUAL GAMING SYSTEMS Income Statement For the Year Ended December 31, 2018 Net sales Gain on sale of land $ 2,580,000 6,000 Total revenues 2,586,000 Expenses Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense $1,640,000 613,000 31,000 32,000 78,000 Total expenses 2,394,000 Net income $192,000