CARLA VISTA CO. Income Statements For the Years Ended December 31 2022 2021 Net sales $2,215,400 $2,065,000 Cost of goods sold 1,227,000 1,207,200 Gross profit 988,400 857,800 Selling and administrative expenses 600,000 574,800 Income from operations 388,400 283,000 Other expenses and losses Interest expense 26,400 24,000 Income before income taxes 362,000 259,000 Income tax expense 108,600 77,700 Net income $253,400 $181,300