The following percentages apply to Munoz Company for 2018 and 2019 2019 100.0% 61.0 2018 Sales Cost of goods sold Gross margin Selling and administrative expense Interest expense Total expenses Income before taxes Income tax expense Net income 100.0% 64.0 36.0 20.4 1.9 29.822.3 26.6 2.4 29.0 18.13.7 7.0 5.4 4.6% 6.7% Required Assuming that sales were $510,000 in 2018 and $595,000 in 2019, prepare income statements for the two years MUNOZ COMPANY Income Statements 2019 2018 Sales Cost of goods sold Gross margin Selling and administrative expenses Interest expense 0 Total expenses Income before taxes Income tax expense Net income 0