The income statements for Urban Outfits, Inc. are presented below Urban Outfits, Inc. Income Statements Year Ended December 31 Current Year Prior Yean Sales Revenue Cost of Goods Sold Gross Profit Operating and Other Expense:s Interest Expense Income Tax Expense Net Income $875,059 443,072 431,987 156, 881 8,800 58, 000 $208,306 $804,983 412,615 392,368 142,724 26,400 55,50e $167,744 earch 0 11-13) 6 Saved Enter any decreases with a minus sign.) URBAN OUTFITS, INC Income Statements Year Ended December 31 Incre Current Prior Year Amou Year Sales Revenue Cost of Goods Sold Gross Profit Operating and Other Expenses Interest Expense Income Tax Expense Net Income $875,059 $804,983 443072 412,615 431,987 392,368 156,881 142,724 8,800 26,400 58,000 55,500 $208,306 $ 167,744