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Comparative statements for Home Cool Corporation are shown below: Home Cool Corporation Comparative Income Statements For the years ended December 31 2022 2021 2020 Sales....................................................................

Comparative statements for Home Cool Corporation are shown below:

Home Cool Corporation

Comparative Income Statements

For the years ended December 31

2022 2021 2020
Sales.................................................................... $15,900 $14,330 $14,995
Cost of goods sold.................................................................... 8,225 8,662 8,475
Gross profit.................................................................... 7,675 5,668 6,520
Operating expenses 3405 3300 3225
Other expenses.................................................................... 1,550 1,456 1,280
Operating income.................................................................... $ 2,720 $ 912 $ 2,015

Calculate trend percentages for all income statement amounts shown and comment on the results. Use 2020 as the base year. (round to nearest whole percent). Comment on the results.

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