Comparative Income Statements Consider the following income statement data from the Ross Company: Sales revenue 2013 $533,000 $458,000 2012 Cost of goods sold 336,000 279,000 113,000 107,000 Administrative expenses 68,000 62,000 7,800 5,400 Selling expenses Income tax expense Prepare a comparative income statement, showing increases and decreases in dollars and in percentages. Note: Round "Percent Change" answers to one decimal place (ex: 0.2345 = 23.5%). ROSS COMPANY Comparative Income Statements Increase Percent 2013 2012 (Decrease) Change Sales Revenue $ 533,000 $ 458,000 $ 75,000 0% Cost of Goods Sold 336,000 279,000 57,000 0% Gross Profit on Sales 197,000 179,000 18,000 0% Operating Expenses Selling Expenses 113,000 107,000 0% Administrative Expenses 68,000 62,000 0 0% Total 181,000 169,000 0 0% Income before Income Taxes 0 O 0 0% Income Tax Expense 7,800 5,400 ON Net Income : 5 05 05 O 0%