Tri-Comic Company Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1
	20Y2		20Y1
Sales	$633,000		$544,000
Cost of merchandise sold	335,490		315,520
Gross profit	$297,510		$228,480
Selling expenses	$126,600		$103,360
Administrative expenses	63,300		65,280
Total operating expenses	$189,900		$168,640
Income from operations	$107,610		$59,840
Other revenue	18,990		16,320
Income before income tax expense	$126,600		$76,160
Income tax expense	50,640		32,640
Net income	$75,960		$43,520

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1. Prepare a comparative income statement for the two-year period, presenting an analysis of each item in relationship to sales for each of the years. Enter percentages as whole numbers. Enter all amounts as positive numbers.