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Comparative statements for Kool Corporation are shown below: KOOL CORPORATION Comparative Income Statement For the Years Ended December 31 2014 2013 2012 Sales $14,800 $13,229

Comparative statements for Kool Corporation are shown below:

KOOL CORPORATION

Comparative Income Statement

For the Years Ended December 31

2014

2013

2012

Sales

$14,800

$13,229

$13,994

Cost of goods sold

8,225

8,661

8,375

Gross profit

6,575

4,568

5,619

Operating expenses

3,664

3,576

3,487

Operating income

$ 2,911

$ 992

$ 2,132

Calculate trend percentages for all income statement amounts shown and comment on the results. Use 2012 as the base year.

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