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Operating data for Bramble Corp. are presented below. 2022 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $842,100 521,600 122,100 78,600 35,600 84,200 2021 $637,500 409,900 77,500 54,800 29,500 65,800 Condensed Income Statement 2022 Percent Amount 2021 Percent Sales $842.100 Amount $637,500 % 26 Cost of goods sold 521.600 3 409,900 X Gross profit 320,500 % 227,600 * 122.100 % 77.500 78,600 % 54,800 Selling expenses Administrative expenses Total operating expenses Income before income taxes 200.700 % 132 300 119,800 95.300 Income tax expense 35.600 % 29.500 $ 84,200 Net Income $ 65,800