2. The company Tom's Trinkets has hired you as their financial analyst. Below is their Income Statement for this year and last year They have asked you to create a variance report. Please complete the two columns on the report below. Once you have done that, please provide a 1 or 2 sentence response to where you think they should focus their attention in order to improve financial performance and why. (Chapter 15) Tom's Trinkets Income Statement Year Ended December 31, 2020 This Year Last Year Dollar Change Percent Change Revenue $735,484 $698,212 Cost of Goods Sold $227,825 $197,364 Gross Margin $507,659 $500,848 Operating Expenses $210,475 $188,712 Net Operating Income $297,184 $312,136 $22,000 $24,649 Interest Expense Net Income Before Taxes $275,184 $287,487 $68,796 $71,872 Less Taxes (25%) Net Income Before Taxes $206,388 $215,615