Comparative statements for Kool Corporation are shown below:

Calculate trend percentages for all income statement amounts shown and comment on the results. Use 2010 as the base year. Comment on the results.

Sales. Cost of goods sold. Gross profit. Operating expenses Operating income Kool Corporation Comparative Income Statements For the years ended December 31 2012 $14,800 8,225 6,575 3,664 $ 2,911 2011 $13,229 8,661 4,568 3,576 992 2010 $13,994 8,375 5,619 3.487 $ 2.132