Macklin Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 Increase Increase/ (Decrease) (Decrease) 20Y2 20Y1 Amount Percent Sales $649,837 $579,000 70,837 % Cost of goods sold (466,200) (370,000) 96,200 96 Gross profit Selling expenses Administrative expenses $(64,930) $(49,000) $ 15,930 $183,637 $209,000 $ 25,363 % % (38,250) (31,000) 7.250 % < Total operating expenses $(103,180) $(80,000) $ 23.180 Operating income $80,457 $129,000 $ 48,543 % Other revenue 3,055 2,400 655 96 Income before income tax expense $83,512 $131,400 $ 47.888 19% Income tax expense (23,400) (39,400) 16,000 Bo $60,112 $92,000 $ 31,888 % Net income