Use the following information to analyze BobKat Equipment Sales. Calculate any profit measures deemed necessary in order to discuss the profitability of the company. BobKat Equipment Sales Income Statement For the Years Ended Dec. 31, 2015 and 2014 Net sales COGS Gross profit General and administrative expenses Operating profit Interest expense Earnings before taxes Income taxes 2015 $124,000 90,000 $ 34,000 31,000 $ 3,000 (1,000) $ 2,000 800 $ 1,200 2014 $138,000 95,000 $ 43,000 36,000 $ 7,000 _(1,000) $ 6,000 1,800 $ 4,200 Net income For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)