McDade Company

Comparative Income Statement

For the Years Ended December $31,20$ Y$2$ and $20$ Y$1$

Difference Difference

$\backslash$table$[[,20Y2,20Y1,-$ Amount,$-$ Percent,$],[$Sales$,$$$326,595,$$$285,000,$$$,\%,],[$Cost of merchandise sold,$234,000,180,000,,\%,],[$Gross profit,$$92,595,$$$105,000,$$$,\%,],[$Selling expenses,$$33,000,$$$24,000,$$$,\%,],[$Administrative expenses,$19,050,15,000,,\%,],[$Total operating expenses,$$52,050,$$$39,000,$$$,\%,],[$Income from operations,$$40,545,$$$66,000,$$$,\%,],[$Other revenue,$1,472,1,200,,\%,],[$Income before income tax expense,$$42,017,$$$67,200,$$$,\%,],[$Income tax expense,$11,800,20,200,,\%,],[$Net income,$$30,{217}_{{?}_{?}},$$$47,000,$$$,\%,],[2.$ Net income has $?,$from $2,20Y1$ to $20Y2,2.$ Sales ha$,,$; however, the cost of merchandise sold has$]]$