For the Years Ended December 31 2022 2021 $1,734,400 $1,610,000 967,000 925,520 767,400 684,480 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses 460,000 440,680 307,400 243,800 20,240 18,400 Interest expense Income before income taxes Income tax expense 287,160 225,400 86,148 67,620 Net income $ 201,012 $ 157,780 Question 3 of 4