Winthrop Company Comparative Income Statement For the Years Ended December 31 Increase (Decrease) Amount Increase (Decrease) Percent 3 Sales 4 Cost of goods sold 5 Gross profit 6 Selling expenses Current Year $1.993,600.00 1,674,090.00 $319,510.00 $73,450.00 48,840.00 $122.290.00 $197,220.00 13,884.00 $183,336.00 Previous Year $1,780,000.00 1,521,900.00 $258,100.00 $65,000.00 44,000.00 $109,000.00 $149,100.00 8,900.00 $140,200.00 7 Administrative expenses 8 Total operating expenses 9 Income before income tax 10 Income tax expense 11 Net income Www.con s cibe drawn from We h antar analysis of the answers to malplan The net income for Winthrop Compa r ised by WYWurse was the comment of an in cost of percentage The cost of goods sold increased at ale than the crease in sales, thus the percenta than the percentage increase in sales