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Complete the comparative income statement. Phil's Auto Sales and Service 1998 Amount Percent Cost of Goods Sold $1,581,000 Net Sales $2,550,000 Net Income before Taxes

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Complete the comparative income statement. Phil's Auto Sales and Service 1998 Amount Percent Cost of Goods Sold $1,581,000 Net Sales $2,550,000 Net Income before Taxes $306,000 Gross Profit $892,500 1999 Amount Percent $1,730,175 $2,932,500 $439,875 $1,143,675 The 1998 percent cost of goods sold is %

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