c. Analysis of Financial Performance
	12/31/20X7	12/31/20X6
	Amount	Amount	Difference	% Increase/ (Decrease)
Sales	600,000	500,000	100,000	20.00
COGS	(387,000)	(275,000)	(112,000)	40.73
GP	213,000	225,000	(12,000)	(5.33)
Opex	(180,000)	(175,000)	(5,000)	2.86
Operating Income	33,000	50,000	(17,000)	(34.00)
			-
Interest	(10,000)	(10,000)	-	-
Income Tax	(5,000)	(10,000)	5,000	(50.00)
Net income	18,000	30,000	(12,000)	(40.00)