Comparative Income Statement For the Years Ended December 31,20Y2 and 20Y1 Increase Decrease) (Decrease Amount Increase 20Y2 20Y1 Percent 8,251,000.00 $7,400,000.00 034,000.002,466,66700 5,217000.00 $4,933,333.00 1,033,200.00 $820,000.00 67800.00530,000.00 1,701,00000 $1.350,000.00 11.5% 230% 5.0% 260% Sales Cost of goods sold S Gross profit Selling expenses Administrative expenses Total operating expenses come Statement Cost of goods sold 5 Gross proft 6 Selling expenses 034,000.00 2,466,667.00 5,217,000.00 $4,933,333.00 1033,200.00 $820,000.0 30,000.00 1,701,000.00 $1,350,000.00 3,516,000.00 $3,583,333.00 130,000.00 3,660.300.00 $3,713,333.00 50,000.00 3,601.300.00 $3,663,333.00 23.0% 5.8% 260% Administrative expenses 67,800.00 Total operating expenses Income from operations 0 Other income 11 Income before income tax 2Income tax expense 13 Net income 144,30000 59,000.00