1.Use the following information to analyze BobKat Equipment Sales. Calculate the profitability of the any profit measures deemed necessary in order to disctss company at Equipment Sales Income Statement For the Years Ended Dec. 31, 2015 and 2014 2015 $124,000 90,000 34,000 31,000 $ 3,000 (1,000 S 2,000 2014 Net sales COGS Gross profit General and administrative expenses Operating profit Interest expense Earnings before taxes Income taxes Net income $138,000 95,000 43,000 36,000 $ 7,000 (1,000 $ 6,000 800 1,800 S 4,20