Two alternatives by examining the income statement?

Tim Word owns men's clothing store in San Diego. He was recently offered the position of store manager at Anthony's, a large retail store in the area. Working at Anthony's, Tim would earn an annual salary of $50,000. Tim knows that he could sell the net assets of his business for $503,000 but is uncertain whether to sell the business and manage Anthony's or continue operating his own store. Tim begins his analysis of the two alternatives by examining his store's income statement from last year. $225,000 135,000 $90,000 Sale Cost of goods sold Gross profit Operating expenses Rent Employee wages Utilities Supplies Advertising Professional fees Insurance Miscellaneous Total operating expenses Net income $ 7,200 17,000 3,640 560 1,450 1,150 820 630 32,450 $57,550