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Comparative Income Statements Consider the following income statement data from the Ross Company: Current Year Prior Year Sales revenue $440,000 $337,500 Cost of goods sold

Comparative Income Statements Consider the following income statement data from the Ross Company: Current Year Prior Year Sales revenue $440,000 $337,500 Cost of goods sold 252,000 207,855 Selling expenses 78,750 73,755 Administrative expenses 45,000 37,250 Income tax expense 5,850 4,023 Prepare a comparative income statement, showing increases and decreases in dollars and in percentages. (Round percentages to one decimal.) Ross Company Comparative Income Statements Increase Percent Current Year Prior Yea

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