3.10. Purchased plant assets for cash = Question 4 Selected information from the financial statements of Cake Co, appears below: 2015 2014 Net Sales Total Expenses Net Income $ 1,692,000 $1,470,000 $222,000 $1,600,000 $1,520,000 $80,000 4.1. Compute the percentage change in each of the above items from 2014 to 2015. Use a + or - to indicate increase or decrease. (Show all calculations) Percentage change from 2014 to 2015 Net Sales % Total Expenses % Net Income 4.2. Compute net income as a percentage of net sales in each year. (Round to the nearest one-tenth of 1%)(Show all calculations) net income as a percentage of net sales for 2014 = net income as a percentage of net sales for 2015 = % % Questions