Calculator Print Item Twenty metrics of liquidity, Solvency, and Profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $59 on December 31, 20Y8. AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 2018 and 2017 2018 2017 Sales $3,682,485 $3,392,830 Cost of goods sold (1,185,520) (1,090,680) Gross profit $2,302,150 Selling expenses $(1,095,150) Administrative expenses $2,496,965 $(914,830) (779,295) (1,694,125) $802,840 (643,190) Total operating expenses (1,738,340) Operating income $563,810 Other revenue and expense: Other income 42,260 35,990 Other expense (interest) (256,000) (140,800) Income before income tax $589,100 $459,000 Check My Work