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5. The following data are from a company Income Statement. Com e Income Statement For the Years Ended December 31, 2010 and 200 2010 2009

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5. The following data are from a company Income Statement. Com e Income Statement For the Years Ended December 31, 2010 and 200 2010 2009 Sales Sales returms and allowances Net sales Cost of goods sold Gross proft Selling expenses Administrative expenses. Total operating expenses Income from operations Other income $1,530,500 $1,234,000 34,000 $1,498,000 $1,200,000 820,000 455,000 380,000 S 191,000 147000 97400 $ 295,000 244,400 S 160,000 $135,600 32,500 1,043,000 104,000 B,500 11,000 S 168,500 146,600 Other expense (interest). Income before income tax . Income tax expense Net income 12,000 $ 162,500 134,600 71,500 58,100 91,000 76,500 6,000 Compute the amount and percentage changes in 2010 using horizontal analysis, assuming 2009 is the base year. a. Amount Percentage Accounts Titles mmen nt the significant changes have occurred and what suggest the changes. Using the same the year 2010. 6. data of the problem number 5, prepare a schedule showing a vertical analysis for Accounts Titles

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