Problem 13-2A The comparative statements of Blossom Company are presented here BLOSSOM COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales Cost of goods soldd Gross profit Selling and administrative expenses Income from operations Other expenses and losses $1,891,640 $1,751,600 1,007,100 744,500 480,100 264,400 1,059,640 832,000 501,100 330,900 Interest expense Income before income taxes Income tax expense Net income 23,100 307,800 93,100 $ 214,700 21,100 243,300 74,100 $ 169,200