Brief Exercise 13-6

Net income was $503,500 in 2015, $478,500 in 2016, and $535,500 in 2017. What is the percentage of change from (a) 2015 to 2016, and (b) from 2016 to 2017? Is the change an increase or a decrease? (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.)

Amount Percentage (a) 20152016 Amount =? Percentage=?

(b) 20162017 Amount =? Percentage=?