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5 Exercise 17-5 Determination of income effects from comm on-size and trend percents LO P1, P2 Common-size and trend percents for Rustynail Company's sales, cost

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5 Exercise 17-5 Determination of income effects from comm on-size and trend percents LO P1, P2 Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expe 1.25 points 2017 100-os 100.0% 100.05 104.3% i03.18 100,06 2017 2016201 Cost of goods old Operating expenses 14.3 105.8 /100.9 10o.0 Determine the net income for the following years. (Enter all amounts as positive values.) 2017 2016 $100,000 57,300 14.100 S 28,600 Sales Cost of Goods Sold Did the net income increase, decrease, or remain unchanged in this three-year perlod? O Net income decreased O Net income increased O Remained unchanged Type here to search

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