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 $2,571,000 1,870,100 $700,900 319,000 24,200 174,400 $183,300 $2,164,700 1,613,500 $551,200 222,700 24,200 106,200 $198,100 Cowan Kitchen Counters, Inc. Comparative Balance Sheet December 31, 20-2 and 20-1 20-2 20-1 Cash Government notes Accounts receivable (net) $258,400 $241,900 245,400 245,400 900,200 799,700