Keep using the same set of information to answer the question below.

Income Statement Balance Sheets

HFT Corp. HFT Corp.

During the year of 2XX1 2XX2 On Dec. 31 of 2XX1 2XX2

Sales $1,200,000 $1,500,000 Total Assets: $700,000 $800,000

Cost of Sales $ 360,000 $ 480,000

Gross Profit $ 840,000 $1,020,000 Current Liability $50,000 $60,000

Payroll Exp. $ 300,000 $ 375,000 L-term Liability $150,000 $240,000

Gen. & Admin. $ 120,000 $ 150,000 Owners Equity $500,000 $500,000

Other Exp. $ 240,000 $ 300,000

(including Taxes)

Net Income $ 180,000 $ 195,000

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30. In which year did the company perform better in its overall cost control?

Answer Options:

A. Year 2XX1 B. Year 2XX2 C. Both years show the same results. D. More information is needed to answer this question.