Question 29 Use the comparative partial income statement for obertson Inc. to answer the following question 2020 2012 $2.000.000 $1.575.000 Cost of goods sold 1.200.000 712.000 Operating expenses 380,000 240.000 Loss on sale of investment (500.000 $(80,000) 5623.000 Net Income Which statement best represents Robertson's performance? The company has a higher gross margin ratio (gross margin sales) for 2020 than 2019 The company should increase selling prices to prevent future losses The company should not be overly alarmed by the $500,000 1085 since it is a non-recurring type. The $500,000 is likely to recurso investors should beware 3.2 pts