Sales Revenue Cost of Goods Sold Gross Profit Operating Expense Operating income Gain on sale of division Income tax expense Net Income 2021 16,000,000 9,700,000 6,300,000 3,600,000 2,700,000 700,000 3,400,000 850,000 $2,550,000 2020 10,600,000 6,500,000 4,100,000 3,000,000 1,100,000 1,100,000 275,000 $825,000