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Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Trend Percents 2 Yrs Ago 2 Yrs Ago

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Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Trend Percents 2 Yrs Ago 2 Yrs Ago 1 Yr Ago Current Yr 1 Yr Ago 100.0% Current Yr Sales 100.0% 100.0% 104.4% 100.0% 103.2% Cost of goods sold Total expenses 57.6 63.5 61.3 115.1 109.8 100.0 14.3 14.1 100.0 13.8 105.9 101.0 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period? Complete this question by entering your answers in the tabs below. Change in Net Income Net Income Determine the net income for the following years. (Enter all amounts as positive values.) 1 Yr Ago 2 Yrs Ago Current Yr Sales Cost of Goods Sold Total Expenses 100,000 57,600 14,100 Net Income 28,300 Net Income Change in Net Income

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