The comparative statements of Concord Company are presented here. Concord Company Income Statements For the Years Ended December 31 2022 2021 Net sales $1,813,600 $1,750,700 Cost of goods sold 1,007,100 978,000 Gross profit 806,500 772,700 Selling and administrative expenses 519,800 472,000 Income from operations 286,700 300,700 Other expenses and losses Interest expense 17.100 14,200 Income before income taxes 269.600 286,500 Income tax expense 80.015 77.500 Net income $ 189,585 $209,000