Compare the differences in percent of net income on the October November Profit and Loss. Explain why.

PROFIT AND LOSS October - November, 2018 OCT 2018 NOV 2018 TOTAL CURRENT % OF INCOME CURRENT % OF INCOME CURRENT % OF INCOME Income 401 Sales Total Income Cost of Goods Sold 6,000.00 100.00 % 11,920.00 100.00 % $17,920.00 100.00 % $6,000.00 100.00 % $11,920.00 100.00 % $17,920.00 100.00 % ,960.00 5,960.00 S5,960.00 $5,960.00 5,960.00 $11,960.00 501 Cost of Goods Sold Total Cost of Goods Sold GROSS PROFIT 50.00 % 50.00 % 50.00 % 33.26 % 33.26 % 66.74 % 0.00% 100.00 % $6,000.00 Expenses 601 Advertising 603 Bank Charges 605 Dues & subscriptions 09 Freight &Delivery 619 Meals and Entertainment 21 Office Supplies 625 Repair & Maintenance 627 Shipping and delivery ex. 629 Stationery & Printing 633 Telephone Expense 635 Utilities S375.00 125.00 2.08 % 250.00 209 % 0.22 % 0.84 % 0.86 % 0.33 % $150.00 $153.80 $172.80 $338.67 $140.00 64.65 126.40 226.85 2.33 % 0.78 % 0.26 % 309% 127.96 158.32 84.32 $887.97 S5,072.03 S5,072.03 $553.18 $316.64 $163.32 2,450.41 S9,509.59 S9,509.59 425.22 158.32 0.71 % 7.45 % 42.55 % 42.55 % $1,562.44 $4,437.56 S4,437.56 Total Expenses NET OPERATING INCOME NET INCOME 26.04 % 73.96 % 73.96% 13.67 % 53.07 %