on December 31, 2019. Account 2019 Net Sales Revenue $607,000 Cost of Goods Sold 450,000 Gross Profit $157,000 Selling Expenses 55,000 Net Income Before Income Tax Expense $102,000 Income Tax Expense 37,000 Net Income $65,000 With respect to net income, a horizontal analysis reveals two decimal places.) 2018 $505,000 403,000 $102,000 50,000 $52,000 21,000 $31,000 (Round your answer to ved Compute the present value of an ordinary annuity that pays $10,000 per year for 15 years at 8%. Present value of ordinary annuity of $1: 7% 8% 9% 10% 12% 11 7.499 7.139 6.805 6.495 5.938 127.943 7.536 7.161 6.814 6.194 13 8.358 7.904 7.487 7.103 6.424 14 8.745 8.244 7.786 7.367 6.628 15 9.108 8.559 8.061 7.606 6.811