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Income statement for Gaidar Company for 2014 and 2015 follow: GAIDAR COMPANY Income Statement20152014Sales$200,200$180,200Cost of goods sold142,400120,400Selling expenses21,30019,300Administrative expenses12,40014,400Interest expense3,8005,800Total expenses$179,900$159,900Income before taxes20,30020,300Income taxes expense6,5003,800Net

Income statement for Gaidar Company for 2014 and 2015 follow:

GAIDAR COMPANY

Income Statement20152014Sales$200,200$180,200Cost of goods sold142,400120,400Selling expenses21,30019,300Administrative expenses12,40014,400Interest expense3,8005,800Total expenses$179,900$159,900Income before taxes20,30020,300Income taxes expense6,5003,800Net income$13,800$16,500

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