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5. Freedom Corp. reported the following on its comparative income statement: (In millions) Net Sales Revenue Cost of Goods Sold $ 2025 10,000 $ 4,500
5. Freedom Corp. reported the following on its comparative income statement: (In millions) Net Sales Revenue Cost of Goods Sold $ 2025 10,000 $ 4,500 2024 8,000 3,000 Prepare a horizontal analysis of net sales revenue, cost of goods sold, and gross profit-both in dollar amounts and in percentages. (Enter amounts in millions. Round the percentages to the nearest percent, X%. Use a minus sign or parentheses to indicate a decrease.) Freedom, Corp. Income Statement - (Partial) Years Ended December 31, 2025 and 2024 Increase (Decrease) 2025 2024 Amount (Amounts in millions) Percentage Net Sales Revenue Cost of Goods Sold Gross Profit $ 10,000 $ 8,000 % 4,500 3,000 % %
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