The comparative statements of Blossom Company are presented here. BLOSSOM COMPANY Income Statements For the Years Ended December 31 2022 2021 Net sales $1,919,400 $1,785,000 Cost of goods sold 1,067,000 1,046,240 The comparative statements of Blossom Company are presented here. BLOSSOM COMPANY Income Statements For the Years Ended December 31 2022 2021 Net sales $1,919,400 $1,785,000 Cost of goods sold 1,067,000 1,046,240 Gross profit 852,400 738,760 Selling and administrative expenses 520,000 498,160 Income from operations 332,400 240,600 Other expenses and losses Question 3 of 4 Other expenses and losses Interest expense 22,880 20,800 Income before income taxes 309,520 219,800 Income tax expense 92,856 65,940 Net income $216,664 $ 153,860 BLOSSOM COMPANY Balance Sheets December 31 Assets 2022 2021 Current assets Cash $ 62,504 $ 66,768 Project 3 part 3 Question 3 of 4