Rocky Road Bicycles, Inc. Horizontal Analysis Income Statements. For the Years Ended December 31, 2018 and 2017 Net revenue Cost of sales 2018 2017 $ Variance % Variance $ 952,000 $ 842,000 447,000 395,000 Gross profit Selling, general and administrative expenses Operating profit Interest expense Interest income and other Income before income taxes Provision for income taxes Net Income 505,000 447,000 327,000 305,000 178,000 142,000 (15,000) (25,000) 5,000 4,000 168,000 121,000 32,000 25,000 $136,000 $ 96,000