Given is the Income Statement for the year ended December 31, 20XX, Statement of Retained Earnings for the year ended December 31, 20XX and Comparative Balance Sheets for 20XW and 20XX of Maris Corporation: Maris Corporation Income Statement Year Ended December 31, 20XX Sales $4,900,000 Cost of goods sold 3,075,000 Gross profits 1,825,000 Selling and administrative expense 650,000 Amortization expense 310,000 Operating income 865,000 Interest expense 54,000 Earnings before taxes 811,000 Taxes 410,000