4) Express the following income statement information in common-size percentages and in +trend percentages using Year 1 as the base year. Year 2 Year 1 Sales Cost of goods sold Gross profit $ 540,000 290,000 $ 460,000 240,000 $ 250,000 $ 220,000 Common-Size Trend Percentages Percentages Year 2 Year 1 Year 2 Year 1

4) Express the following income statement information in common-size percentages and in strend percentages using Year 1 as the base vear