Problem 14-2A (Video) The comparative statements of Wahlberg Company are presented here Wahlberg Company Income Statement For the Years Ended December 31 2020 2019 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses $1,816,900 1,012,500 804,400 517,400 287,000 $1,754,300 990,000 764,300 478,800 285,500 Interest expense Income before income taxes Income tax expense Net income 17,500 269,500 81,052 $ 188,448 13,000 272,500 77,800 $194,700