Complete the Excel Analysis of the Income Statement and Balance Sheet and . Don't forget to comment briefly on your findings.

Comparitive Summary Income Sheet For The Years Ended December 31, 2020 & 2021 2021 Percentage 2020 Percentage Dollars Dollars Revenue: Sales Less: Sales Returns Net Sales 600,000 3,000 597,000 580,000 2,800 577,200 $ Cost Of Merchandise Sold: $ 381,000 $372,000 Gross Profit On Sales: $ 194,000 $181,200 Operating Expenses: Total Selling Expenses Total Administrative Expenses Total Operating Expenses 74,350 73,450 147,800 69,340 70,480 139,820 $ $ Operating Income: $ 46,200 $ 41,380 Other Expenses: Interest Expense 3,400 3,800 Net Income $ 42,800.00 $ 37,580.00 Comment briefly on your findings