Stargel Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2011 2012 2011 Sales Cost of goods sold $9,400,000 (4,950,000) $4,450,000 Gross profit $10,000,000 (5,350,000) $4,650,000 $(2,000,000) (1,500,000) $(3,500,000) $(1,880,000) (1,410,000) $(3,290,000) $1,160,000 $1,150,000