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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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