The comparative statements of Crane Company are presented here CRANE COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses $1,898,740 $1,758,700 1,014,200 744,500 487,200 257,300 1,066,740 832,000 508,200 323,800 Interest expense Income before income taxes Income tax expense Net income 21,700 235,600 74,700 206,400$ 1600 23,700 300,100 93,700