The Stalr Company sells computer parts through a retall store that It operates. The firm's comparative Income statement and balance sheet for the years 2019 and 2018 are shown below THE STAIR COMPANY Comparative Income Statement For Years Ended December 31, 2019 and 2018 Amounts 2019 2018 Revenue Sales Less 3ales Returns and Allowances 1,127,s00 818,400 27, 500 18,400 1,100,000 800,000 Net Sales Cost of Goods Sold Merchandise Inventory, January 1 iet Purchases Total Merchandise Available for Sale Less Merchandise Inventory, December 31 110, 000 100,800 348,150 254, 400 458.150 355, 200 115, 500 110,000 42, 650 245,200 757, 350 554,800 Cost of Goods Sold Gross Profit on Sales Operating Expenses Selling Expenses ales 9alaries Expenses 99,000 80,000 8,800 8,000 31,900 20,800 139,700 108,800 Payroll Tax Expense-9elling Other Selling Expenses Total 3elling Expenses General and Administrative Expenses 157, 300 15, 400 112,000 9, 600 Officezs' Salaries Expense Payroll Tax Expense-Administrative Depreciation Expense Other General and Administrative Expenses 9, 600 195, 800 140,000 35,500 248,800 421,850 306,000 126,555 91,800 295,295 214,200 14, 300 Toal General and Administrative Expensc Total Operating Expenses Net Income before Income Taxen Incose Tax Expense Net Income after Income Taxes