I need help on how to provide a detailed quantitative and qualitative analysis of this income statement using 5 different elements provided.

STATEMENT EARNINGS 31/12/2017 Gross sales $ 5,783,200 Less: Sales returns $ (255,000) Less: Sales allowances $ (88,150) Net sales $ 5,440,050 Beginning inventory $ 1,160,000 Local purchases $ 980,000 Returned merchandise $ (41,000) International purchases $ 885,000 Allowances on international purchases $ (64,350) Freight charges $ 45,000 Duties, customs, and taxes $ 89,900 Payment discounts $ (35,500) Total purchases $ 1,859,050 = Cost of goods available for sale $3,019,050 Less: Ending inventory $ (1,550,000) = Cost of goods sold $ 1,469,050 Gross profit $ 3,971,000 Operating expenses $ 1,250,000 Selling & marketing expenses $ 450,000 Financing expenses $ 195,000 Total operating expenses $ 1,895,000 Earnings before taxes $ 2,076,000 Taxes @35% $ (726,600) Net income $ 1,349,400 Note 1: 60% of the company's gross sales were cash sales. The company's balance sheet showed their entire credit sales amount still outstanding and captured in the company's accounts receivables account for their 31/12/2017 fiscal year-end