Text: Operating data for Ayayai Corp. are presented below.
2017 $821,000 521,000 121,000 73,000 33,000 73,000
2016 $621,000 409,000 73,000 49,000 22,600 67,400
Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income
AYAYAI CORP. Income
2017 2016 Amount Percent Amount Percent $821,000 % $621,000 %
Sales Cost of goods sold
$521,000
%
$409,000
%
Gross profit
$300,000
%
$212,000
%
Selling expenses
$121,000
%
$73,000
%
Administrative expenses
$73,000
%
$49,000
%
Total operating expenses
$194,000
%
$122,000
%
Income before income taxes $106,000
%
$90,000
Income tax expense
$33,000
%
$22,600
%
Net income
$73,000
%
$67,400
%