The following Income statements were drawn from the annual reports of Toner Sales Company 2018 281 Net sales Cost of goods sold Gross margin Less: Operating expense $209,e90280,eee (98,800) 118,800 (80,800) 128,8e0 Selling and administrative expenses Net Income (6e,e99)(58,e00) s se,eee 70,ee9 All dollar amounts are reported in thousands. The president's message in the company's annual report stated that the company had implemented a strategy to Increa share by spending more on advertising. The president Indicated that prices held steady and sales grew as expected. Pre size Income statements and make appropriate references to the differences between 2018 and 2019. (Round all Interme celculations and final answers for percentage values to 1 declmal place. Enter answers In milions, not In dollar.) TONER SALES COMPANY Income Statement For the Years Ended December 31, 2018 and 2019 2018 2019