$!$ Complete this question by entering your answers in the tabs below.

Income Statement

Balance Sheet

Complete the following columns for each item in the preceding comparative financial statements:

Note; Enter your percentage answers rounded to $2$ decimal places $($i$.$e$.0\mathrm{.}1234$ should be entered as $12\mathrm{.}34).$ Decreases should be indicated by a minus sign.

$\backslash$table$[[$CHINOOK COMPANY$],[$Income Statement$],[,$Increase $($Decrease$)],[,$from Year $1$ to Year $2],[,$Amount,Percent$],[$Sales revenue,,$\%],[$Cost of goods sold,,$\%],[$Gross profit,,$\%],[$Operating expenses and interest expense,,$\%],[$Pretax income,,$\%],[$Income tax,,$\%],[$Net income,,$\%]]$ Complete this question by entering your answers in the tabs below.

Income Statement

Balance Sheet

Complete the following columns for each item in the preceding comparative financial statements:

Note; Enter your percentage answers rounded to $2$ decimal places $($i$.$e$.0\mathrm{.}1234$ should be entered as $12\mathrm{.}34).$ Decreases should be indicated by a minus sign.

$\backslash$table$[[$CHINOOK COMPANY$],[$Balance Sheet$],[,$Increase $($Decrease$)],[,$from Year $1$ to Year $2],[,$Amount,Percent$],[$Cash$,,\%],[$Accounts receivable $($net$),,\%],[$Inventory$,,\%],[$Property and equipment $($net$),,\%],[$Total Assets,$0,\%],[$Current liabilities $($no interest$),,\%],[$Long$-$term liabilities $($interest rate: $8\%),,\%],[$Common stock $($ $$5$ par value, $5,400$ shares outstanding$),,\%],[$Retained earnings,,$\%],[$Total liabilities and stockholders' equity,$$,\%]]$

Required information

$[$The following information applies to the questions displayed below.$]$

The comparative financial statements for Chinook Company are below

$\backslash$table$[[$Income statement,Year $2,$Year $1],[$Sales revenue,$$191,300,$$$167,900],[$Cost of goods sold,$113,100,100,200],[$Gross profit,$78,200,67,700],[$Operating expenses and interest expense,$56,200,53,200],[$Pretax income,$22,000,14,500],[$Income tax,$6,600,4,350],[$Net income,$$15,400,$$$10,150],[$Balance sheet,,$],[$Cash$,$$$4,700,$$$5,000],[$Accounts receivable $($net$),14,600,16,100],[$Inventory$,41,600,32,900],[$Property and equipment $($net$),$$$46,000,36,400],[$Total assets,$$106,900,$$$90,400],[$Current liabilities $($no interest$),15,200,$$$16,200],[$Long$-$term liabilities $($interest rate: $8\%),44,200,44,200],[$Common stock $($$$5$ par value, $5,400$ shares outstanding$),27,000,27,000],[$Retained earnings,$20,500,3,000],[$Total liabilities and stockholders' equity,$$106,900,$$$90,400]]$

Required:

Complete the following columns for each item in the preceding comparative financial statements: