The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 2018. AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 20Y8 and 20Y7 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Operating income Other revenue and expense: Other revenue Other expense (interest) Income before income tax Income tax expense Net income 2018 $10,000,000 (5,350,000) $ 4,650,000 $ (2,000,000) (1,500,000) $ (3,500,000) $1,150,000 150,000 (170,000) $ 1,130,000 (230,000) $900,000 2017 $9,400,000 (4,950,000) $ 4,450,000 $(1,880,000) (1,410,000) $(3,290,000) $ 1,160,000 140,000 (150,000) $ 1,150,000 (225,000) $925,000