UDEN SUPPLY COMPANY Comparative Income Statements Years Ended December 20x1, 20x2, and 20x3 Thousands) 20X1 Audited 20X2 Audited 20X3 Audited 20X4 Expected 8,700 9,40010,100 Sales . Cost of goods sold6,000 6,5007,000 Gross profit sales commissions . 610 . Advertising Salaries Payroll taxes Employee benefits167 Rent. Depreciation Supplies Utilities Legal and accounting 34 . Miscellaneous Interest expense 210228 240 2,700 2,900 3,100 660 710 175 1,0611 184 . 190 1,0821,103 192 174. 61 63 202 199 181 60- 62. 60 66. 26 . 28, 30. 21- 23, 40. 14- 37 12- 13. Net income before taxes-80 Income taxes- 18 Net income 230 50. 180 150 33 62