Sales Cost of goods sold Gross profit Selling expenses McDade Company Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Difference - Amount Difference - Percent $692,142 $627,000 $ 488,000 400,000 $204,142 $227,000 $ $67,580 $53,000 39,530 33,000 $107,110 $86,000 $97,032 $141,000 3,188 2,600 Administrative expenses Total operating expenses Income from operations Other revenue Income before income tax $100,220 $143,600 Income tax expense 28,100 43,100 $72,120 $100,500 $ Net income % % % % % % % % % % %

McDade Company Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 McDade Company Comparative Income statement For the Years Ended December 31, 20Y2 and 20Y1 Required