$\backslash$table$[[$Comparative Income Statement and Reconcillation$],[,$This Year,Last Year$],[$Sales $($all on account$),$$ $15,930,000,$$ $14,280,000],[$Cost of goods sold,$12,744,009,16,710,009],[$Gross margin,$3,186,090,3,570,000],[$Selling and administrative expenses,$1,114,009,1,632,000],[$Net operating income,$2,072,000,1,938,009],[$Interest expense,$372,009,312,009],[$Net income before taxes,$1,700,009,1,626,009],[$Income taxes $(30\%),510,000,487,800],[$Net income,$1,190,009,1,138,269],[$Common dividends,$320,000,569,100],[$Net income retained,$870,000,569,100],[$Beginning retained earnings,$1,940,000,1,370,900],[$Ending retained earnings,$ $2,810,000,$$ $1,940,000$