the income statements for urban outfits, inc. are presented below

The income statements for Urban outfits, Inc. are presented below: Urban Outfits, Inc. Income Statements Year Ended December 31 Current Year Prior Year $728,699 $785,059 Sales revenue 359,329 389,228 Cost of goods sold 369,370 395,831 Gross profit 124,604 135,173 Operating and other expenses 15,000 7,400 Interest expense 43,500 44,800 Income tax expense $186,266 $208,458 Net income