ACCOUNTING

Floatlin Company has the following income statements available:

Floatlin Company

Comparative Statements of Income

For the Years Ending December 31, 2X13 and 2X12

Determine the increase or decrease in dollars and percentage for each line in the income statement.

Sales Cost of Goods Sold Gross Profit Less: Operating Expenses Operating Income Less: Income Tax Expense Net Income 2X132X12 $750$690 400 S310$290 205 $90$ 85 37 S50S48 440 220 40