value 10.00 points Joyner Company's income statement for Year 2 follows: Sales Cost of goods sold $ 701,000 123,000 Gross margin Selling and administrative expenses 578,000 217,000 Net operating income Gain on sale of equipment 361,000 10,000 Income before taxes Income taxes 371,000 111,300 Net income $ 259,700 lts balance sheet amounts at the end of Years 1 and 2 are as follows Year 2Year 1 Assets 0 Type here to search