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QUESTION

2020 2019 Net sales $1,810,600 $1,746,200 Cost of goods sold 1,012,200 984,000 Gross profit 798,400 762,200 Selling and administrative expenses

All sales were on account. Net cash provided by operating activities for 2020 was $225,000. Capital expenditures were $141,000, and cash dividends were $82,200.

If someone could help assist me with this one.

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20202019Net sales$1,810,600$1,746,200Cost of goods sold1,012,200984,000Gross profit798,400762,200Selling and administrative expenses515,200479,600Income from operations283,200282,600Other expenses and lossesInterest expense17,30013,300Income before income taxes265,900269,300Income tax expense81,10076,300Net income$ 184,800$ 193,000
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