Presented below are Income Statements of Mary, INC. for the years 2018 and 2019. Mary, INC. Mary, INC. Income Statement Income Statement For the Year Ended December 31, 2019 For the Year Ended December 31, 2018 Net sales 1,000,000 Net sales 700,000 Cost of goods sold (650,000) Cost of goods sold (600,000) Gross profit 350,000 Gross profit 100,000 Operating expenses (160,000) Operating expenses (70,000) Income from operations merican 190,000 ge Income from operations East. 2020 30,000 Other income and expense: Other income and expense: Interest Revenue Casualty loss from accidents 17,000 (10,000) Interest expense Interest expense (19,000) (25,000) (14,000) Net income 197,000 Net loss Question 1 (100 points) Comparing the above Income Statements explain what the company did to overcome their Net Loss in 2018 and generate Net Income in 2019. MacBook Pro