[The following information applies to the questions displayed below.] Income statement and balance sheet data for The Athletic Attic are provided below THE ATHLETIC ATTIC Income Statements For the years ended December 31 2019 2018 Net sales Cost of goods sold $13.200,000 $11800,000 8.600,000 7400,000 Gross profit 4.600,000 4400.000 Expenses Operating expenses Depreciation expense Interest expense Income tax expense 1800.000 1750,000 200.000 200.00o 60.000 550.000 60,000 640.000 Total expenses 2700.000 2.560.000 Net income $1.900.000 $1840.000 THE ATHLETIC ATTIC Balance Sheets December 31 Assets et assets