For 20Y6, Othere Technology Company initiated a sales promotion campaign that included the expenditure of an additional $13,000 for advertising. At the end of the year, George Wallace, the president, is presented with the following condensed comparative income statement: Othere Technology Company Comparative Income Statement For the Years Ended December 31, 20Y6 and 20Y5 20Y6 20Y5 Sales $491,640 $423,300 Sales returns and allowances 9,640 8,300 Net sales $482,000 $415,000 Cost of goods sold 221,720 207,500 Gross profit $260,280 $207,500 Selling expenses $106,040 $74,700 Administrative expenses 48,200 49,800 Total operating expenses $154,240 $124,500 Income from operations $106,040 $83,000 Other income 28,920 12,450 Income before income tax $134,960 $95,450 Income tax expense 53,020 37,350 Net income $81,940 $58,100 Prepare a comparative income statement for the two-year period, presenting an analysis of each item in relationship to net sales for each of the years. Round percentage answers to the nearest whole percentage value. Enter all amounts as positive values. OTHERE TECHNOLOGY COMPANY Comparative Income Statement For the Years Ended December 31, 20Y6 and 20Y5 20Y6 Amount 20Y6 Percent 20Y5 Amount 20Y5 Percent Sales $ 491,640 % $ 423,300 % Sales returns and allowances 9,640 % 8,300 % Net sales $ 482,000 % $ 415,000 % Cost of goods sold 221,720 % 207,500 % Gross profit $ 260,280 % $ 207,500 % Selling expenses 106,040 % 74,700 % Administrative expenses 48,200 % 49,800 % Total operating expenses $ 154,240 % $ 124,500 % Income from operations $ 106,040 % $ 83,000 % Other income 28,920 % 12,450 % Income before income tax $ 134,960 % $ 95,450 % Income tax expense 53,020 % 37,350 % Net income $ 81,940 % $ 58,100 %