The comparative statements of Wahlberg Company are presented here. Wahlberg Company Income Statement For the Years Ended December 31 2020 2019 Net sales $1,815,100 $1,745,300 Cost of goods sold 1,011,300 995,000 Gross profit 803,800 750,300 Selling and administrative expenses 517,400 479,000 Income from operations 286,400 271,300 Other expenses and losses Interest expense 18,800 13,500 Income before income taxes 267,600 257,800 Income tax expense 80,016 77,100 Net income $187,584 $ 180,700