elected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 2019 Sales $ 464,795 $ 356,071 $ 247,100 Cost of goods sold 279,807 225,393 158,144 Gross profit 184,988 130,678 88,956 Selling expenses 66,001 49,138 32,617 Administrative expenses 41,832 31,334 20,509 Total expenses 107,833 80,472 53,126 Income before taxes 77,155 50,206 35,830 Income tax expense 14,351 10,292 7,273 Net income $ 62,804 $ 39,914 $ 28,557