The comparative statements of Sunland Company are presented here. SUNLAND 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 $1,898,440 $1,758,400 1,066,440 1,013,900 744,500 486,900 257,600 832,000 507,900 324,100 Interest expense Income before income taxes Income tax expense Net income 23,900 300,200 93,900 $ 206,300 21,900 235,700 74,900 $ 160,800