Click the Comparative Common Sure Income Statement For the Year Ended December 31, 2020 and 2019 2020 2019 Se revenues 100.00 100.00 Less Cost of goods sold Gross profit Less Operating expenses Operating income Less: Interest expense income before income taxes Les Income tax expense Net income (los) How does 2020 compare with 2019? Explain your reasoning For the Year Ended December 31, 2020 and 2015 (amounts in thousands) 2020 2019 Sales revenues $ 500.000 487 000 203.000 249.000 Less: Cost of goods sold Gross profit 305.000 238.000 145.000 142.500 Less: Operating expenses Operating income $ 160.000 $ 95500 9.700 4200 Less: Interest expense Income before income taxes 150.3005 91.300 21,800 17.300 Less: Income tax expense S Net income 128.500 5 74.000 balu Drint Done