9/1/21.9:15 AM First Quarter, Jan 1-March 31 REVENUES: Sales Revenue Other Revenue TOTAL REVENUES Cost of Goods Sold GROSS PROFIT EXPENSES: Rent Insurance Salaries and wages Utilities TOTAL EXPENSES NET INCOME REVENUES: Sales Revenue Other Revenue TOTAL REVENUES Manual HQ Income Statement Fourth Quarter, Oct 1 - Dec 31 Cost of Goods Sold GROSS PROFIT EXPENSES: Rent $89,000 $0 $89,000 Insurance Salaries and wages Utilities TOTAL EXPENSES $64,000 $25,000 NET INCOME $7,500 $2,000 $9,000 $4,500 $23,000 $2,000 $7,500 $2,000 $8,500 $4,000 $22,000 $5,000 a. What method should Rosa use in this analysis? (2 points) $78,000 $0 $78,000 $51,000 $27,000 Apex Learning - Practice Assignment b. Use this method to conduct an analysis to determine how much the percentage of net sales the company spends on cost of goods sold has changed over the course of one quarter. (6 points) c. How can Readers' Publishing use this information to plan for its financial future and make wise decisions in the future? (5 points)