Comparative Income Statements For Years Ended December 31 \begin{tabular}{lrr} & Current Year & Prior Year \\ Sales & $1,270,000 & $1,070,000 \\ Cost of goods sold & 812,800 & 663,400 \\ Gross profit & 457,200 & 406,600 \\ Operating expenses & 342,900 & 299,600 \\ Net income & $114,360 & $107,600 \\ \hline \end{tabular} Comparative Income Statements For Years Ended December 31