Blossom Company Income Statements For the Years Ended December 31 2025 2024 Net sales $1,919,400 $1,785,000 Cost of goods sold 1,067,000 1,046,240 Gross profit 852,400 738,760 Selling and administrative expenses 520,000 498,160 Income from operations 332,400 240,600 Other expenses and losses Interest expense 22,880 20,800 Income before income taxes 309,520 219,800 Income tax expense 92,856 65,940 Net income $216,664 $153,860