ABM1340 December 2020 Respondus cution: 3:00:00 Dure restante:1:19:35 Qingyue Li: Tentative 1 Question 59 (2 points) Assuming the base year is 2016 under horizontal analysis, compute the percentage for Operating expenses for 2018. BLK Inc. Income statement year ended December 31 2018 Sales $94,025 $69,579 Cost of goods sold 2016 $52,654 $67,690 $50,091 $37,906 2017 Gross profit Operating expenses Income from operations Interest expense Income before income tax Income tax expense Net income $26,335 $19,488 $14,748 $20,020 $14,815 $11,211 $6,315 $4,673 $1,198 $3,536 $886 $671 $5,118 $3,787 $2,866 $1,645 $1,217 $921 $3,473 $2,570 $1,945 28.01% 35.14% 178.57% 102.45% Dane 50 d