2020 2019 Net sales $775,000 $651,000 Cost of goods sold 604,500 524,706 Gross profit 170,500 126,294 Operating expenses 106,175 59,892 Net income $

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2020 2019 Net sales $775,000 $651,000 Cost of goods sold 604,500 524,706 Gross profit 170,500 126,294 Operating expenses 106,175 59,892 Net income $
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20202019Net sales$775,000$651,000Cost of goodssold604,500524,706Gross profit170,500126,294Operatingexpenses106,17559,892Net income$ 64,325$ 66,402

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