Problem 13-2A The comparative statements of Sunland Company are presented here SUNLAND COMPANY For the Years Ended 31 2017 2016 Net sales Cost of goods sold Gross profit Selling and $1,894,040 $1,754,000 1,009,500 832,000 744,500 482,500 1.062,040 administrative 503.500 Income from operations Other expenses and 328,500 262,000 24,100 Interest expense Income before income taxes 239,900 75,100 164,800 304,400 Income tax expese 900 Net income Problem 13-2A The comparative statements of Sunland Company are presented here SUNLAND COMPANY For the Years Ended 31 2017 2016 Net sales Cost of goods sold Gross profit Selling and $1,894,040 $1,754,000 1,009,500 832,000 744,500 482,500 1.062,040 administrative 503.500 Income from operations Other expenses and 328,500 262,000 24,100 Interest expense Income before income taxes 239,900 75,100 164,800 304,400 Income tax expese 900 Net income