Current Attempt in Progress The following is the comparative statement of income for Duffy Dog Corporation: DUFFY DOG CORPORATION Statement of Income Year Ended December 31 2022 2021 Sales $ 587,000 $ 519,000 Cost of goods sold 457,273 451,011 Gross profit 129,727 67,989 Operating expenses 79,245 47,229 Income before income tax 50,482 20,760 Income tax expense 5,870 4,152 Net income $ 44,612 $ 16,608 DUFFY DOG CORPORATION Statement of Income Year Ended December 31 2022 2021 Amount Sales $ $587,000 $519,000 Cost of goods sold 457,273 451,011 Gross profit Increase or (Decrease) During 2022 Percentage % % % 129,727 67,989 Operating expenses 29 % 79,245 47,229 Income before income tax % 50,482 20,760 Income tax expense % 5,870 4,152 Net income $ % $44,612 $16,608