Here are the comparative income statements of Delaney Corporation. Delaney Corporation Comparative Income Statements For the Years Ended December 31 2020 2019 Net sales $768,000 $645,000 Cost of goods 599,040 520,515 sold Gross profit 168,960 124,485 Operating expenses 105,216 59,340 Net income $ 63,744 $ 65,145