Question 2 of 2 Net sales MARIN CORPORATION Condensed Income Statements For the Years Ended December...

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Question 2 of 2 Net sales MARIN CORPORATION Condensed Income Statements For the Years Ended December 31 Increase or (Decrease) During 2019 2020 2019 Amount $712,800 $540,000 $ 172800 Percentage -/50 E % do Cost of goods sold 440,800 380,000 60800 Gross profit 272,000 160,000 233600 % Operating expenses 59,185 44,500 14685 % Net income $212,815 $115,500 $ 248285 ye Save for Later Attempts: 0 of 1 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above. (b) Question 2 of 2 Net sales MARIN CORPORATION Condensed Income Statements For the Years Ended December 31 Increase or (Decrease) During 2019 2020 2019 Amount $712,800 $540,000 $ 172800 Percentage -/50 E % do Cost of goods sold 440,800 380,000 60800 Gross profit 272,000 160,000 233600 % Operating expenses 59,185 44,500 14685 % Net income $212,815 $115,500 $ 248285 ye Save for Later Attempts: 0 of 1 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above. (b)