Net Revenue Cost of Goods Sold Gross Profit Operating Expenses Net Profit Explanation 1 Assets 2 liabilities 3 Equity Explanation Income Statement $ % 2019 2018 Change Change 23,640,000 21,915,000 1,725,000 7.3% 11,347,000 10,552,000 795,000 7.01% 12,293,000 11,363,000 930,000 7.57% 9,620,000 8,965,000 655,000 6.81% 2,673,000 2,398,000 275,000 10.29% Balance Sheet $ % 2019 2018 Change Change 20,680,000 15,612,000 5,068,000 24.51% 13,622,000 9,248,000 4,374,000 32.11% 7,058,000 6,364,000 694,000 9.83%