H 2020 Amount 2019 Amount Percent Percent $500,000 Sales 103.10% $400,000 105.80% 15,000 3.10% 22,000 Sales returns and allowanc 5.80% 485,000 100.00% 378,000 100.00% 200,000 41.20% 150,000 39.70% 58.80% 228,000 60.30% Net sales Cost of goods sold Eross profit elling expenses am expenses tal operating expenses her income 285.000 18,000 66.70% 15,000 46.20% 9,000 33.30% 17,500 53.80% 100.00% 32,500 100.00% 27,000 5,06+1 4,000 her expense 1,500 2,000 ome before income tax 261,500 197,500 ome tax expense 91,525 69,125 income $169,975 $ 128,375