Calculation of Market Measures Based on the financial statements of Cowan Kitchen Counters, Inc., as shown below: Cowan Kitchen Counters, Inc. Comparative Income Statement For Years Ended December 31, 20-2 and 20-1 20-2 20-1 Net Sales (all on account) Cost of goods sold Gross profit Operating expenses Other expense (interest) Income tax expense Net income $2,572,000 1,854,100 $717,900 318,100 24,200 173,900 $201,700 $2,167,000 1,619,500 $547,500 226,300 24,200 107,400 $189,600 Cowan Kitchen Counters, Inc. Comparative Balance Sheet December 31, 20-2 and 20-1 20-1 20-2 $258,100 251,300 Cash $242,100 Government notes 251,300