Describe the changes of the Comparative Income Statement Analysis in 300 words or more.

Horizontal Analysis Income Statement

As Reported Annual Income Statement
Report Date	2016	2017	2018	Increase/ Decrease	% Change	Increase/ Decrease	% Change
Scale	Thousand	Thousand	Thousand
Net Sales	$ 65,017,000	$ 68,619,000	$ 71,309,000	$ 3,602,000	5.54%	$ 2,690,000	3.92%
Cost of Sales	$ 42,553,000	$ 45,210,000	$ 48,401,000	$ 2,657,000	6.24%	$ 3,191,000	7.06%
Gross Margin	$ 22,464,000	$ 23,409,000	$ 22,908,000	$ 945,000	4.21%	$ (501,000)	-2.14%
Selling General & Administrative Expenses	$ 15,129,000	$ 15,376,000	$ 17,413,000	$ 247,000	1.63%	$ 2,037,000	13.25%
Depreciation & Amortization	$ 1,489,000	$ 1,447,000	$ 1,477,000	$ (42,000)	-2.82%	$ 30,000	2.07%
Operating Income/ (Loss)	$ 5,846,000	$ 6,586,000	$ 4,018,000	$ 740,000	12.66%	$ (2,568,000)	-38.99%
Interest Income (Expenses), net	$ (645,000)	$ (633,000)	$ (624,000)	$ 12,000	-1.86%	$ 9,000	-1.42%
Loss of extinguishment of debt	$ -	$ (464,000)	$ -	$ (464,000)		$ 464,000	-100.00%
Pre-tax earnings (losses)	$ 5,201,000	$ 5,489,000	$ 3,394,000	$ 288,000	5.54%	$ (2,095,000)	-38.17%
Income Tax provision	$ 2,108,000	$ 2,042,000	$ 1,080,000	$ (66,000)	-3.13%	$ (962,000)	-47.11%
Net Earnings	$ 3,093,000	$ 3,447,000	$ 2,314,000	$ 354,000	11.45%	$ (1,133,000)	-32.87%

Shares in Millions, $ in Millions	2016	2017	2018	Increase/ Decrease	% Change	Increase/ Decrease	% Change
Income Statement
Net Sales	$ 94,595	$ 100,904	$ 108,203	$ 6,309	6.67%	$ 7,299	7.23%
Cost of Sales	$ 62,282	$ 66,548	$ 71,043	$ 4,266	6.85%	$ 4,495	6.75%
Gross Profit	$ 32,313	$ 34,356	$ 37,160	$ 2,043	6.32%	$ 2,804	8.16%
Operating Expenses:
Selling General & Administrative Expenses	$ 17,132	$ 17,864	$ 19,513	$ 732	4.27%	$ 1,649	9.23%
Depreciation & Amortization	$ 1,754	$ 1,811	$ 1,870	$ 57	3.25%	$ 59	3.26%
Impairment loss	$ -	$ -	$ 247	$ -		$ 247
Total operating expenses	$ 18,886	$ 19,675	$ 21,630	$ 789	4.18%	$ 1,955	9.94%
Operating Income	$ 13,427	$ 14,681	$ 15,530	$ 1,254	9.34%	$ 849	5.78%
Interest and other (income) expenses:
Interest and Investment Income	$ (36)	$ (74)	$ (93)	$ (38)	105.56%	$ (19)	25.68%
Interest Expenses	$ 972	$ 1,057	$ 1,051	$ 85	8.74%	$ (6)	-0.57%
Other	$ -	$ -	$ 16	$ -		$ 16
Interest and other, net	$ 936	$ 983	$ 974	$ 47	5.02%	$ (9)	-0.92%
Earnings before provision for income taxes	$ 12,491	$ 13,698	$ 14,556	$ 1,207	9.66%	$ 858	6.26%
Provision of Income Taxes	$ 4,534	$ 5,068	$ 3,435	$ 534	11.78%	$ (1,633)	-32.22%
Net Earnings	$ 7,957	$ 8,630	$ 11,121	$ 673	8.46%	$ 2,491	28.86%