income statements for baird company for year 3 and year 4 follow. baird company income statements year 4 year 3 sales $201,200 $181,200 cost of goods sold 142,900 120,900 selling expenses 21,100 19,100 administrative expenses 12,300 14,300 interest expense 4,000 6,000 total expenses $180,300 $160,300 income before taxes 20,900 20,900 income taxes expense 6,000 3,600 net income $14,900 $17,300
