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 vears ended December 3 2019 2018 $11,100,000 $9,550,000 Net sales Cost of goods sold 7,250,000 5,900,000 Gross profit 3,850,000 3,650,000 Expenses: Operating expenses Depreciation expense Interest expense Income tax expense 1,650,000 200,000 45,000 460,000 1,600,000 200,000 45,000 400,000 Total expenses 2,355,000 2,245,000 Net income $1,495,000 $1,405,000