Here is the Income Statement.

R. Hanson, Inc. Horizontal Analysis of Comparative Income Statement Years Ended December 31, 2018 and 2017 Increase (Decrease) 2018 2017 Amount Percentage $ 499,000 $ 464,3001 % $ Revenue Expenses: % Cost of goods sold Selling and general expenses Interest expense Income tax expense Total expenses 244,000 109,000 5,000 54,700 233,000 105,500 1,500 45,000 % % 412,700 385,000 % 86,300 $ 79,300 Net income Years Ended December 31, 2018 and 2017 2018 2017 Revenue $ 499,000 S 464,300 Expenses Cost of goods sold 244,000 233,000 Selling and general expenses 109,000 105,500 Interest expense 5,000 1,500 Income tax expense 54,700 45,000 Total expenses 412,700 385,000 $ 86,300 $ 79,300 Net income