II 2022 Question 15 of 15 < > Sunland Company Income Statements For the Years Ended December 31 2022 2021 Net sales $1,812,700 $1,746,500 Cost of goods sold 1,007,700 981,000 Gross profit 805,000 765,500 Selling and administrative expenses 516,800 477,000 Income from operations 288,200 288,500 Other expenses and losses Interest expense 18,400 13,600 Income before income taxes 269,800 274,900 Income tax expense 82,408 77,000 Net income $187,392 $197,900 Sunland Company Balance Sheets DEC