Problem 18-02A (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 $1,812,100$1,745,000 986,000 759,000 475,400 283,600 1,008,300 803,800 511,000 292,800 Interest expense Income before income taxes Income tax expense Net income 17,300 275,500 78,640 $196,860 13,500 270,100 77,600 $192,500