Please follow the same format, thank you so much!

Operating data for Waterway Corporation are presented as follows. 2022 2021 Net sales $746,000 $595,000 467,742 395,080 Cost of goods sold Selling expenses Administrative expenses 118,614 76,755 60,426 57,715 Income tax expense 32,078 24,990 Net income 67,140 40,460 WATERWAY CORPORATION Condensed Income Statements For the Years Ended December 31 2022 2021 Amount Percent Amount Percent Net sales $746,000 % $595,000 % Cost of goods sold 467,742 % 395,080 % Gross profit 278,258 % 199,920.0 % Selling expenses 118,614 % 76,755 % Administrative expenses 60,426 % 57,715 % Total operating expenses 179,040 % 134,470 % Income before income taxes 99,218 % 65,450 % Income tax expense 32,078 % 24,990 % Net income $67,140 % $40,460 %