Is this computation of net income correct?

CGS 60,000
Interest Expense 18,000
cash 3,000
Retained earnings 50,000
sales 100,000
A/P 12,000
Rent Revenue 5,000
machinery 175,000

NI=gross revenues - cgs - expenses

NI = 100,000 + 5,000 - 60,000 - 18,000 - 12,000 - 175,000
NI = (160,000)

Accounts payables is a liability, not an expense.

Machinery is an asset, not an expense.