Comparative financial statement data of Hanfield Inc. follow:

Years Ended December 31, 2016 and 2015 2016 2015 Net Sales Cost of Goods Sold Gross Profit Operating Expenses Income From Operations Interest Expense Income Before Income Tax Income Tax Expense Net Income $ 468,000 $ 429,000 234,000 211,000 234,000 218,000 135,000 133,000 85,000 12,000 90,000 73,000 26,000 $ 68,000 $ 47,000 99,000 9,000 22,000