DITURI MANUFACTURING INC. Statement of Income For the Year Ended October 31 (in thousands of dollars) 2020 2019 2018 Sales Revenue $ 1628 $1,352 $1,116 Cost of goods sold 951 664 i Gross margin 677 452 Operating Expenses Store expenses 135 113 Administrative expenses 133 107 91 Depreciation expense 111 100 Operating income 268 266 147 Investment income 10 11 Financing expenses 22 17 Earnings before income taxes 256 257 142 Income tax expense 51 51 28 Net earnings $205 $206 $ 114