The following percentages apply to Campbell Company for Year 3 and Year 4:

	Year 4				Year 3
Sales		100.0	%			100.0	%
Cost of goods sold		60.9				64.0
Gross margin		39.1				36.0
Selling and administrative expense		26.4				20.6
Interest expense		2.6				2.2
Total expenses		29.0				22.8
Income before taxes		10.1				13.2
Income tax expense		5.7				7.0
Net income		4.4	%			6.2	%

Required Assuming that sales were $515,000 in Year 3 and $585,000 in Year 4, prepare income statements for the two years.