The comparative statements of Bramble Company are preser Bramble Company Income Statements For the Years Ended December 31 2022 2021 Net sales $1,815,700 $1,749,500 Cost of goods sold 1,011,000 981,000 Gross profit 804,700 768,500 Selling and administrative expenses 515,000 477,600 Income from operations 289,700 290,900 Other expenses and losses Interest expense 19,000 14,300 Income before income taxes 270,700 276,600 Income tax expense 80,521 76,700 Net income $ 190,179 $199,900 Bramble Company Balance Sheets