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2 3 points eBook The income statements for Anything Tennis for the years ending December 31, 2024 and 2023, are provided below. Required: Complete
2 3 points eBook The income statements for Anything Tennis for the years ending December 31, 2024 and 2023, are provided below. Required: Complete the "Amount" and "%" columns to be used in a horizontal analysis of the income statements for Anything Tennis. Note: Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place. Anything Tennis Income Statements For the Years Ended December 31 2024 2023 Print Net sales Cost of goods sold Gross profit $ 3,600,000 $2,700,000 2,190,000 1,400,000 1,410,000 1,300,000 Operating expenses 830,000 646,000 Operating income 580,000 654,000 Other income (expense) 10,800 6,400 Income before tax 590,800 660,400 Income tax expense 102,000 144,000 Net income $ 488,800 $ 516,400 Increase (Decrease) Amount %
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