The income statement comparison for Forklift Material Handling shows the income statement for the current and prior year. FORKLIFT MATERIAL HANDLING Income statement Comparison Current Year Prior Year (Amounts in thousands) Sales $33,700 $24,800 Cost of goods sold 21,905 16,864 Gross profit $11,795 $7,936 Expenses: Wages Utilities Repairs Selling Total Expenses Operating income Operating income %1 Total assets (investment base) Return on investment Residual income (8% cost of capital) $8,775 $6,189 675 300 170 300 507 200 $10,127 $6,989 ? ? ? $4,600 $1,500 7