Sigma Company€™s single-step income statements for 2014 and 2013 follow.

Required
1. Prepare multistep income statements for 2013 and 2014 showing percentages of net sales for each component (e.g., cost of goods sold divided by net sales). (Round percentages to one decimal place.)
2. Did income from operations increase or decrease from 2013 to 2014? Write a short explanation of why this changeoccurred.

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Sigma Company Income Statements For the Years Ended April 30, 2014 and 2013 2014 2013 Revenues: Net sales Interest income Total revenues $1,051,864 3,600 $1,055,464 $950,528 1,700 $952,228 Costs and expenses: Cost of goods sold Selling expenses General and administrative expenses Interest expense Total costs and expenses 469,896 323,384 125,732 7,200 $926,212 129,252 $343,700 301,400 84,172 3,400 $732,672 $219,556 Net income