Apple, Inc. Consolidated Statementof Operations (In millions, except numberof shares which are reflected in thousands and pershare Note: Effective tax rate equals the percentofincome 19% before tax, that Apple paid tostate, local and fe deral income taxes. The Pandemic had the following effect on the income statement of Apple for the year ended September 26, 2020. 1) It increased sales and net income dramatically. Customers stuck at home choose to spend more of their budget on Apple products. 2) It decreased its sales and its net income, likely because customers delayed purchasing new phones and computers due to unemployment and reduced earnings. 3) Sales and Net Income increased by amounts of around 5.5\% and 3\% respectively. 4) Sales increased, but net income declined due to the extra costs related to the Pandemic. Apple, Inc. Consolidated Statement of Operations (In millions, except number of shares which are reflected in thousands and per share Note: Effective tax rate equals the percent of income before tax, that Apple paid to state, local and federal income taxes. Apple, Inc. Consolidated Statement of Operations Note: Effective tax rate equals the percent of income before tax, that Apple paid to state, local and federal income taxes