A companys summary income statement for the most recent four years is presented below a Prepare an analysis showing trend percentages for the fouryear period using 2011 as the base year b What information is available from this trend analysis 2014 2013 2012 2011 Net sales 78100 75000 67000 56000 Cost of goods sold 33200 32000 30000 20000 Gross profit 44900 43000 37000 36000 Operating expenses 25700 22000 19000 14000 Net income 19200 21000 18000 22000