Current Attempt in Progress The comparative statements of Sheridan Company are presented here. Sheridan Company Income Statements For the Years Ended December 31 2025 2024 Net sales $1,734,400 $1,610,000 Cost of goods sold 967,000 925,520 Gross profit 767,400 684,480 Selling and administrative expenses 460,000 440,680 Income from operations 307,400 243,800 Other expenses and losses Interest expense 20,240 18,400 Income before income taxes 287,160 225,400 Income tax expense 86,148 67,620 Net income $201,012 $157,780