9 nc nth Pr Data table McDonough Products, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2021 - Industry McDonough Average Net sales $ 600,000 100.0% vera 432,000 57.3% Cost of goods sold Gross profit 168,000 42.7% Ave 100. 138,000 29.4% Operating expenses 955 Operating income 30,000 13.3% 222 57. Other expenses 42. 6,000 2.5% $ 24,000 10.8% 29. Net income 3 2 13. 2. 10. Print Done ducts, I mp