Crane Company Income Statement For the Years Ended December 31 2022 2021 Net sales $1,819,900 $1,747,700 Cost of goods sold 1,011,600 993,000 Gross profit 808,300 754,700 Selling and administrative expenses 517,000 480,400 Income from operations 291,300 274,300 Other expenses and losses Interest expense 18,700 13,300 Income before income taxes 272,600 261,000 Income tax expense 83,213 76,000 Net income $ 189,387 $ 185,000